Assignment:
The Men's tie buyer planned a Father's Day promotion on ties. The POS price point promotion was $24.99. Here is what sold during the promotion:
40 ties with an original retail of $35.00
50 ties with an original retail of $40.00
Calculate the following:
a. Total markdown in dollars for the promotion.
b. Total sales dollars generated for the promotion.
c. Total markdown percent for the tie promotion.