Retailing Management 8th Edition by Michael Levy,Barton Weitz

تمرين 7

Note: For questions 6-10, you may use the Online Learning Center. Click on "pricing."
Maintained markup is 39 percent, net sales are $52,000, and reductions are $2,500. What are gross margin in dollars and the initial markup as a percentage Explain why initial markup is greater than maintained markup.