Question

The sportswear department had net sales of $550,000 last year, with markdowns of $33,000. This year plan sales are

$575,000. If the buyer is planning the same percent of markdowns this year as last year, what is the plan markdown dollars
for this year?

Answer 1

$34,500

Explanation:

1% of 550,000 = 5,500

33,000÷ 5,500 = 6%

1% of 575,000 = 5,750

5,750 x 6 = 34,500