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Author Question: This type of markup is the difference between net sales and the gross cost of merchandise sold. It ... (Read 68 times)

geodog55

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on: Sep 11, 2018
This type of markup is the difference between net sales and the gross cost of merchandise sold. It is expressed as a percent of net sales and does not reflect deductions for cash discounts and workroom costs. It represents the actual markup achieved for a selling period.
 
  a. Initial
  b. Maintained
  c. Cumulative
  d. Individual

Question 2

The owner of Dee Dee's Sport Shop plans to purchase approximately 10,800 (retail) worth of sweaters. She will operate with a 54 markup. Her first purchase is for 5 dozen sweaters costing 18.00 each that she plans to retail for 34.00 each. What markup percent must be obtained on the balance of sweaters in order to average a 54 markup?
 
  What will be an ideal response?


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cegalasso

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Reply #1 on: Sep 11, 2018
Answer to Question 1

b. Maintained

Answer to Question 2

55.62


geodog55

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Reply 2 on: Sep 11, 2018
Wow, this really help

juliaf

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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