A buyer's planned sales are $80,000,planned initial markup is $60,000 and planned reductions are $7,500.What is the buyer's planned gross margin on the merchandise budget?

Question

Quizplus · Accepted Answer

The planned gross margin is calculated by subtracting the planned reductions from the planned initial markup. So, $60,000 (planned initial markup) - $7,500 (planned reductions) = $52,500.

A Buyer's Planned Sales Are $80,000,planned Initial Markup Is $60,000