Determine planned purchases at retail and at cost for a month with the following planned figures: sales markdowns bom stock eom stock planned markup $ 65,000 $ 4,000 $100,000 $120,000 46%

37.5%

Step-by-step explanation:

Given data

Initila Price= $2.25

3.5% of  $2.25

=3.5/100* 2.25

=0.035*2.25

=0.07875

Hence the expected new price is

=0.07875+2.25

=$2.33

The expected increase

=2.33-2.25

=$0.08

The actual increase

=2.25-2.30

=$0.05

Hence the error is

% error= Actual -Expected/Expected*100

% error= 0.05-0.08/0.08*100

% error= 0.03/0.08*100

% error=0.375*100

% error=37.5%

Hence the error is 37.5%