Astore plans sales of $1,100,000 and retail reductions of $330,000, and it requires expense, $350,000 and profit $50,000. what should be the initial markup dollars?

initial markup is $0.510489  or 51.0489%

Step-by-step explanation:

Given data

sales of $1,100,000

reductions of $330,000

expense, $350,000

profit $50,000

to find out

initial markup

solution

we know initial markup formula that is given below

initial markup = (Expenses + Reductions + Profit) ÷ (Net Sales + Reductions)

put here all value we get initial markup

initial markup = (Expenses + Reductions + Profit) ÷ (Net Sales + Reductions)

initial markup = (350,000 + 330,000 + 50,000) ÷ (1,100,000 + 330,000)

initial markup = (730000) ÷ (1,430,000)

initial markup = (730000) ÷ (1,430,000)

initial markup is $0.510489

initial markup is 51.0489%

13

step-by-step explanation:

divide the cost of the total of sodas you bought by the cost of one soda, for example:

$24.57 divided by $1.89 is 13 which means you bought 13 sodas