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71. The missy sweater buyer bought V-neck sequin-trimmed sweaters to retail at $49.99. The buyer...

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Accounting

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71. The missy sweater buyer bought V-neck sequin-trimmed sweaters to retail at $49.99. The buyer purchased 360 sweaters. At the full price, 40 pieces sold. A permanent markdown was taken to $39.99 and 120 pieces sold. Another permanent markdown was taken to $29.99 and 150 pieces were sold. Calculate the following: First set up a Sell Down Chart: Units OH Beginning Units Sold at Regular Price $49.99 Units OH to Perm to $39.99 Units Sold at $39.99 Units OH to Perm to $29.99 Units Sold at $29.99 Units OH balance a. Total markdown for this sweater sale. Retail Price Total b. Total sales generated for the sweater sale. New Retail Price

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