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Calculate the buyer OTB at retail and at cost as of June

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Reference no: EM132540010

Question - A buyer had an inventory of $45,000 on June 1 and a planned EOM stock of $51,000. Planned sales for the department were $39,000 and planned markdowns for the month were $3,200. A: of June 1, the buyer had merchandise on order of $10,000 at retail to be delivered during the month. Planned initial markup was 48%. Calculate the buyer's OTB at retail and at cost as of June 1.

Reference no: EM132540010

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