Junior dresses had an opening inventory of $36,000 at retail. Net sales for the period were $12,389. If the closing inventory were $37,000, what was the rate of stock turnover for the period? Round to two decimal points.
Customary Pricing
There are various types of pricing strategies followed in the market. They are psychological pricing, odd pricing, free onboard pricing, customary pricing, prestige pricing, dual pricing, ruling pricing, negotiated pricing, mark up pricing, etc. each one can be explained as follows:
Multiple Unit Pricing
“Multiple-unit pricing is a practice where a company offers consumers a lower than unit price if a specified number of units are purchased.”
Junior dresses had an opening inventory of $36,000 at retail. Net sales for the period were $12,389. If the closing inventory were $37,000, what was the rate of stock turnover for the period? Round to two decimal points.
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