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Homework answers / question archive / 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
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%
