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DETERMINING DESIRED MARKUP PERCENTAGES AND MARKDOWNS

Using the following formula, calculate the planned markup percentage for
each of these situations:
M/U % =

Profit + Expenses + Markdowns

Sales + Markdowns

Planned sales
Planned expenses
Net Profit goal
Planned markdowns

$550,000
$120,000
$155, 000
$ 55, 000

_________________

Planned sales
Planned expenses
Net profit goal
Planned markdowns

$100,000
$ 20,000
$ 5, 000
$ 7,000

_________________

Planned sales
Planned expenses
Net profit goal
Planned markdowns

$47,000
$ 8,050
$ 3,290
$ 2, 350

_________________

Your store is planning markdowns based on planned sales for each month.
Calculate the dollar amount of markdowns from the information provided.
MONTH

PLANNED SALES

4. Feb
5. March
6. April

$20,000
$30,000
$40,125

PLANNED
MARKDOWNS
50%
15 %
5%

$VALUE OF
MARKDOWNS

(key)
DETERMINING DESIRED MARKUP PERCENTAGES AND MARKDOWNS
Using the following formula, calculate the planned markup percentage for
each of these situations:
M/U % =

Profit + Expenses + Markdowns

Sales + Markdowns

Planned sales
Planned expenses
Net Profit goal
Planned markdowns

$550,000
$120,000
$155, 000
$ 55, 000

Answer: 54.5 %

Planned sales
Planned expenses
Net profit goal
Planned markdowns

$100,000
$ 20,000
$ 5, 000
$ 7,000

Answer: 29.9%

Planned sales
Planned expenses
Net profit goal
Planned markdowns

$47,000
$ 8,050
$ 3,290
$ 2, 350

Answer: 27.7 %

Your store is planning markdowns based on planned sales for each month.
Calculate the dollar amount of markdowns from the information provided.
MONTH

PLANNED SALES

4. Feb
5. March
6. April

$20,000
$30,000
$40,125

PLANNED
MARKDOWNS
50%
15 %
5%

$VALUE OF
MARKDOWNS
$10,000
$4,500
$2,006.25