Calculating markup on a group of items

Reference no: EM132475470

RETAIL PRICING AND REPRICING OF MERCHANDISE (MARKUP) Basic Markup Equations Used in Buying Decisions A. Basic Markup Percentage Equations

Question 1. Calculating Markup % on Retail Using the Retail Method of Inventory Markup % $markup retail markup %

Question 2. Calculating Markup % on Cost Markup % $ markup cost markup %

Question 3. Calculating Markup % when cost and retail are known

a. when individual cost and individual retail are known individual retail - individual cost $ markup markup %

b. when total purchase cost and total purchase retail are known total retail - total cost $ markup on entire purchase markup %

Question 4. Calculating Markup % on a group of items with varying costs or retail prices (i.e., order writing) Item A Item B Item C Item D Total markup %

Reference no: EM132475470

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