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Author Question: What should be the initial markup percent in a children's store having the following planned ... (Read 29 times)

Mr. Wonderful

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on: Sep 11, 2018
What should be the initial markup percent in a children's store having the following planned figures?
  Net sales 280,000
  Expenses 70,000
  Profit 24,000
  Shortages 2,200
  Alteration costs 8,700
  Employee discounts 2,800
  Cash discounts 3,200
  Markdowns 10,500
 
  What will be an ideal response?

Question 2

An important statistic to the fashion industry as it reflects purchasing patterns is the number of White and Black women and this is at a pace similar to those of Hispanic and Asian females.
 
  a. True
  b. False


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essyface1

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

38.92

Answer to Question 2

b
The number of Hispanic and Asian females is rising faster than White or Black women,
a significant statistic considering that women do the majority of the purchasing.


Mr. Wonderful

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Reply 2 on: Sep 11, 2018
Excellent

lindahyatt42

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Reply 3 on: Yesterday
:D TYSM

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Cost = $99.49; Rate of markup based on cost = 32%. Find the markup and selling price. Cost = $99.49; Rate of markup based on cost = 32%. Find the markup and selling price.
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