A buyer's planned sales are $80,000, planned initial markup is $60,000 and planned reductions are $7,500. What is the buyer's planned gross margin on the merchandise budget?

A buyer's planned sales are $80,000, planned initial markup is $60,000 and planned reductions are $7,500. What is the buyer's planned gross margin on the merchandise budget?

A buyer's planned sales are $80,000, planned initial markup is $60,000 and planned reductions are $7,500. What is the buyer's planned gross margin on the merchandise budget?


a. $52,500

b. $72,500

c. $60,000

d. $67,500

e. $87,500


Answer: A


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