Question

Consider the following information from Mike's Appliance Store (Projected for 2019). What is initial markup percentage at retail? (Note: Please only provide the numerical answer. No need to include the percentage sign. Format of answer should be = .xx) Net Sales Operating expenses Net profit goal Planned reductions for markdowns Planned reductions for theft $1,150,000 24% of net sales 9% of net sales $62,000 $13,000

Answer 1

Answer: = Trutia markup percentage operating Expense Net profit + markedecor + Stock shortages + discounts + Alternate costs - cash discounts Met sales + mandoony + Stock shortages + Employee and customer discounts . In gren dala, Net sales = $4150,000 operating Expenses 24.1. of net sales 24.1.C 4150,000) = $276,000 wet profit = 9.1. of net sales 911-06 1150,000 = $ 103,500 mark downs = $62000 for theft) = $ 13000 Stock shortages (ie, reduction Omitio magkup percentage € 276,000 + $ 103,500 + 62000 + 13000 $1,150,000 + 62000 + 13000 a $454,500 $1225000 = 0.3710 0Y) 37•104 Thanks