Author Question: What should be the initial markup percent in a children's store having the following planned ... (Read 41 times)

Mr. Wonderful · **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

essyface1 · **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.