Purchase some vintage-inspired handbags

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Reference no: EM132094451

A small vintage boutique had planned sales of $12,000 and planned markdowns at 5% for the month of July. They also had planned July 1st stock of $12,500 and planned August 1st stock of $13,800. On July 15, the buyer checked her numbers and saw that they currently had $18,500 on stock-on-hand and had $2,850 worth of merchandise on order. The buyer began to worry because she only had $3,870 in sales and had $265 in markdowns. Planned initial MU is 55%. She wanted to purchase some vintage-inspired handbags and needs to know how much OTB money she has left. What is her OTB @ Cost?

Reference no: EM132094451

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