Why Choose Us?
0% AI Guarantee
Human-written only.
24/7 Support
Anytime, anywhere.
Plagiarism Free
100% Original.
Expert Tutors
Masters & PhDs.
100% Confidential
Your privacy matters.
On-Time Delivery
Never miss a deadline.
Monthly departmental sales were $98,765
Monthly departmental sales were $98,765. Permanent markdowns were taken on the following items in the amounts listed. Calculate the markdown dollars and markdown percentage for each item separately.
Stock # Original Retail Sale Price # in Inventory
1234 $30.00 $25.00 83
1235 $40.00 $35.00 35
1236 $60.00 $50.00 17
Expert Solution
Computation of the markdown dollars and markdown percentage for stock 1234:-
Markdown dollars = (Retail -Sale price) * 83
= ($30 - $25) * 83
= $5 * 83
= $415
Markdown percentage = Markdown dollars / Sales
= $415 / $98,765
= 0.42%
Computation of the markdown dollars and markdown percentage for stock 1235:-
Markdown dollars = (Retail -Sale price) * 35
= ($40 - $35) * 35
= $5 * 35
= $175
Markdown percentage = Markdown dollars / Sales
= $175 / $98,765
= 0.18%
Computation of the markdown dollars and markdown percentage for stock 1236:-
Markdown dollars = (Retail -Sale price) * 17
= ($60 - $50) * 17
= $10 * 17
= $170
Markdown percentage = Markdown dollars / Sales
= $170 / $98,765
= 0.17%
Archived Solution
You have full access to this solution. To save a copy with all formatting and attachments, use the button below.
For ready-to-submit work, please order a fresh solution below.
