Answer Happy

Q1. Style A which retails at $1000, was purchased at €50 cost with 10% discount and
an exchange rate of 10, what is its landed cost and Initial GP%?
Q2. What is the retail price and GPS of Style B if its $800 landed cost with a 2.5 mark up?
Cost IMU (Initial Markup) Initial GP% (Gross Profit) Net Retail GPS GP% Discount% GP% Rec'd Cost% Cost ST% vs Receipts Cost ST% vs OTB (Open- To-Buy) Unit ST% vs Receipts Unit ST% vs OTB First Cost x Exchange Rate Retail Cost (Retail-Cost) = Retail - Retail-Discount Retail x (1-Disc %) = = Net Retail - COGS GPS Net Retail (Gross Retail-Net Retail) Gross Retail (Disc %- Int. GP%) (Disc%-1) Rec'd Cost OTB COGS Rec'd Cost Cost of Goods Sold OTB Units Sold Rec'd Units Units Sold Purchase Units = H -Landed Cost (local currency) =1- IMU (Net Retail-COGS) (Net Retail) ((1-GP%)-(1-Int. GP%)) ((1-GP%))