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Merchandising Mathematics for Retailing 5th Edition by Cynthia Easterling ,Ellen Flottman,Marian Jernigan ,Beth Wuest
Edition 5ISBN: 978-0132724166Merchandising Mathematics for Retailing 5th Edition by Cynthia Easterling ,Ellen Flottman,Marian Jernigan ,Beth Wuest
Edition 5ISBN: 978-0132724166 Exercise 20
A gift shop had a 42.5 % maintained markup. The shop did not incur any alterations or workroom costs and there were no cash discounts. Net sales were $420,000. What was the gross margin percent?
Explanation
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Maintained Markup and Gross margin
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Merchandising Mathematics for Retailing 5th Edition by Cynthia Easterling ,Ellen Flottman,Marian Jernigan ,Beth Wuest
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