A retailer's planned operating expenses are 29 percent of its planned net sales.Its planned profit is 5 percent of sales and its planned retail reductions are 8 percent of sales.Its planned markup percent at retail is 42 percent of sales.

Question

Quizplus · Accepted Answer

The planned markup percent at retail does not directly correlate with the operating expenses, profit, and retail reductions percentages without knowing the cost of goods sold or the initial markup. The percentages provided (operating expenses, profit, and retail reductions) total 42%, but this does not validate the planned markup percent at retail without additional information.

A Retailer's Planned Operating Expenses Are 29 Percent of Its