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Calculate the buyer OTB at cost as of March

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Question - A menswear buyer had an inventory of $106,000 on March 1 and a planned EOM stock of $180,583. Planned sales for the menswear department were $84,005, and planned markdowns for the month were $7,920. As of March 1, the buyer had merchandise on order of $68,400 at retail to be delivered during the month. Planned initial markup was 52.0%. Calculate the buyer's OTB at cost as of March 1.

a. $11,292.00

b. $47,091.84

c. $51,058.00

d. $98,108.00

e. $23,525.00

Reference no: EM133075749

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