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%

step-by-step explanation:

their are no angles. sorry cant .

£56

step-by-step explanation:

u divide 24 by 3 and u get 8 so if u do 8 time 7 or 8+8+8+8+8+8+8 u get 56 and 56 divided by 7 is 8.