Retail mathematics sales percentage

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Reference no: EM13130407

The buyer of women's gloves currently has an average inventory of $20500, with an annual turnover rate of 4.0. Because this rate of stock turn is below the industry average, a 7.82% increase in turnover is sought. Assuming a constant level of inventory, calculate the percentage increase in sales necessary to produce a 7.82% increase in turnover.

Reference no: EM13130407

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