Retail sales dollar is made up of merchandise cost

Reference no: EM13335847

The total cost valuation of a retailers inventory is $120,000, while the total retail valuation of sales was $200,000. Approximately how much of every retail sales dollar is made up of merchandise cost?

a. 12 cents

b. 40 cents

c. 60 cents

d. $1.20

e. $1.50

Show work!!

Reference no: EM13335847

Questions Cloud

Manufacturer of telephone and communications devices : Phonetronix is a small manufacturer of telephone and communications devices. Recently, company management decided to investigate the profitability of cellular phone production. They have three different proposals to evaluate.

Extraordinary lengths to create a shopping experience : Today’s retailers have gone to extraordinary lengths to create a shopping experience based on more than just the products they sell and the services they offer. Clothing purveyor Abercrombie & Fitch, for instance, adorns its stores with oversized pos..

What is a MIS system : After discussing the poor results of his operation for the financial year, Safe Coaching Services Limited (SCSL) decided to establish a proper MIS.

Strengths and limitations of this leadership style : Which of the five leadership styles best describes you? What are the strengths and limitations of this leadership style?

Retail sales dollar is made up of merchandise cost : The total cost valuation of a retailers inventory is $120,000, while the total retail valuation of sales was $200,000. Approximately how much of every retail sales dollar is made up of merchandise cost?

What are its gross margin-operating profit : A sporting goods store with sales for the year of $400,000 and other income of $32,000 has operating expenses of $123,000. Its cost of goods sold is $207,000. What are its gross margin, operating profit, and net profit in dollars?

Construct an income statement : Given the following information, construct an income statement for the Neiman Marcus Group. Determine if there was a profit or loss in 2009.

Determine the asset turnover : Using the following information taken from the 2009 balance of Bass Pro Shop, determine the asset turnover:

Consider a simple population consisting : Consider a simple population consisting of only the numbers 1,2 and 3 (an unlimited number of each), nine different samples of size 2 could be drawn from this populations; (1,1), (1,2), (1,3), (2.1), (2,3),(3,1), (3,2), (3,3).

User Account

All Pages