A retailer plans retail expenses for the following year to be 30 percent of net sales, desires a 5 percent (of net sales) profit margin, and assumes total reductions will be 8 percent of net sales. What is its required initial markup percentage?

a. 35.0
b. 39.8
c. 43.0
d. The answer cannot be determined from the information provided.

b

Business

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Prepaid Rent is increased with a:

a. Debit b. Credit c. Both debit and credit d. Neither debit nor credit

Business

Kathy Champe, a public relations specialist for a regional chain of pharmacies, regularly contacts members of the local and state-wide media with information about community events and charity fundraisers sponsored by her company

She is using ________. A) press releases B) product publicity C) crisis management D) institutional advertising E) lobbying

Business