The sportswear department had net sales of $550,000 last year, with markdowns of $35,000. This year plan sales are $575,000. If the buyer is planning the same percent of markdowns this year as last year what is the markdown dollars for this year?

The sportswear department had net sales of $550,000 last year, with markdowns of $35,000. This year plan sales are $575,000. If the buyer is planning the same percent of markdowns this year as last year what is the markdown dollars for this year?

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter16: Cost-volume-profit Analysis

Section: Chapter Questions

Problem 40P

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