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Find the maintained markup percent for a department with the following figures: Net Sales                                       $875,000 Alterations                                       $3,200 Cash Discounts                                  $5,600 Gross Cost of Merch. Sold           $410,700

In the initial markup formula, you must be sure to include figures to cover:

The “cost of merchandise sold” in the Skeletal Statement is technically:

Determine the cumulative markup percentage achieved when the cost of the opening inventory is $204,000 and the cost of all purchases to date is $1,352,700; total retail of opening inventory is $400,000 with retail purchases of $2,700,000. 

The markup percentage for an item with a retail price of $250 and a cost of $90 is which of the following?

The markup percentage achieved on all merchandise available for sale from the beginning of a given period, plus the markup of all purchases received in the season to date is what type of markup? 

A dress buyer plans to buy $10,000 in retail worth of merchandise. This same buyer requires a 49.00% MU. The first purchase is 100 coats costing $31.75, with a planned retail of $55. What is the COST value of the NEEDED assortment?

If a buyer has a budget for $3,000.00 for 100 necklaces in the accessories department (NEEDS at cost) and has already purchased 35 necklaces for a total cost of $980.00, a. how many more necklaces need to be purchased? b. what is the most the buyer can pay for each remaining necklace?

For a company who had an Opening Inventory of $783,000.00 at retail with a MU% of 48.25%, what was the Opening Inventory value at COST?

A buyer has budgeted (and therefore needs) $5,000 at cost for 200 coats, with a goal of 52.00% markup needed. What is the TOTAL RETAIL dollar value of the planned coat assortment?