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Author Question: A buyer's planned sales are 80,000, planned initial markup is 60,000 and planned reductions are ... (Read 115 times)

natalie2426

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  • Posts: 524
on: Jun 29, 2018
A buyer's planned sales are 80,000, planned initial markup is 60,000 and planned reductions are 7,500 . What is the buyer's planned gross margin on the merchandise budget?
 a. 52,500
  b. 72,500
  c. 60,000
  d. 67,500
  e. 87,500

Question 2

When doing next season's merchandise budget, the buyer's planned purchases at retail are 125,000 with a markup percentage of 40 at retail. What is the buyer's planned initial markup?
 a. 50,000
  b. 75,000
  c. 60,000
  d. 96,000
  e. 84,000


canderson530

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

A


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