I have the following information and I need to find the maintained markup:
% INITIAL MARKUP55.3%
% REDUCTION14.3%
% CASH DISCOUNT1.2%
% GROSS MARGIN50.1%
% OPERATING EXPENSES42.2%
% NET PROFIT7.9%
SEASON TURNOVER2.6
AVERAGE STOCK$132,692
BASIC STOCK$75,192
How do I find the Gross Cost of Goods Sold? or the Maintained Markup %?
% INITIAL MARKUP55.3%
% REDUCTION14.3%
% CASH DISCOUNT1.2%
% GROSS MARGIN50.1%
% OPERATING EXPENSES42.2%
% NET PROFIT7.9%
SEASON TURNOVER2.6
AVERAGE STOCK$132,692
BASIC STOCK$75,192
How do I find the Gross Cost of Goods Sold? or the Maintained Markup %?