Author Question: Given the following information, what initial markup percentage should be planned if net sales are ... (Read 63 times)

anshika · **on:** Jun 29, 2018

Given the following information, what initial markup percentage should be planned if net sales are expected to be 500,000?

Operating expenses 120,000
Net profit goal 30,000
Planned reductions for markdowns 32,000
Planned reductions for theft/shortage/discount 8,000
Alteration costs 10,000
Cash discounts received by the retailer 5,000
a. 28 percent
b. 36 percent
c. 30 percent
d. 39 percent
e. 45 percent

Question 2

Most shoppers cannot consciously identify the elements of a good store, but they know when these elements are missing.

Indicate whether the statement is true or false