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AnnyKZ [126]
3 years ago
13

The men's tie buyer has net sales of $1,440,000, expenses of $504,000, and total reductions of $604,800. The buyer wants a profi

t of $86,400. What is the initial markup?
Business
1 answer:
irakobra [83]3 years ago
5 0

Answer: $1,195,200

Explanation:

Net sales = $1,440,000

Expenses = $504,000

Reductions = $604,800.

We then calculate the initial mark up which will be the addition of the net sales, expenses and the reduction. This will be:

= $1,440,000 + $504,000 + $604,800

= $1,195,200

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Anyone starting a business will target a particular set of customers. He or she must be ready to complete for those customers with other like-minded entrepreneurs. Competition is good in business as it makes entrepreneurs innovate on the best ways to serve their customers. It also gives customers alternatives.

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3 years ago
Imprudential, Inc., has an unfunded pension liability of $750 million that must be paid in 17 years. To assess the value of the
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