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The swim buyer ran a sale during Memorial Day on all coverups at $29.99. The following...

The swim buyer ran a sale during Memorial Day on all coverups at $29.99. The following are the results that sold during the weekend event:

200 Sarong coverups with a regular retail price of $39.00

320 Cotton coverups with a regular retail price of $44.00

Calculate the Total $ markdown for the sale, the Total sales generated, and the Markdown % for the sale.

Solutions

Expert Solution

Weighted average sale price during weekend event = [($39*200)+($44*320)]/520
                                       = ($7800+$14080)/520
                                       = $42.08
Markdown = $42.08-$29.99
                      = $12.09
Markdown % = $12.09/$42.08 * 100
                           = 28.73%

jeff jeffy answered 2 years ago
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