markup percent?
Master Budget
A master budget can be defined as an estimation of the revenue earned or expenses incurred over a specified period of time in the future and it is generally prepared on a periodic basis which can be either monthly, quarterly, half-yearly, or annually. It helps a business, an organization, or even an individual to manage the money effectively. A budget also helps in monitoring the performance of the people in the organization and helps in better decision-making.
Sales Budget and Selling
A budget is a financial plan designed by an undertaking for a definite period in future which acts as a major contributor towards enhancing the financial success of the business undertaking. The budget generally takes into account both current and future income and expenses.
chapter 5
9. A menswear buyer needs 84 shirts to retail at $18 each and 52 pairs of slacks to retail at $35 each. He needs to average a 47.50% markup. If he pays $9.50 for each shirt, how much can he pay for each pair of slacks in order to achieve his planned markup percent?
Present your answer with a dollar-sign, comma separator, and rounded to the penny (i.e. $1,250.88).
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
