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Calculate the planned purchases at retail and cost for May

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Question - The children's department has an initial markup of 46%. Planned sales for May are $345,000, and $299,000 for June. The desired BOM stock to sales ratio for May is 2.7 and 2.1 for June. Planned markdowns are $35,000. Calculate the planned purchases at retail and cost for May.

Reference no: EM132514534

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