of grain Iowa farmers sold each month. Marketing year average is the weighted average released by USDA NASS. Iowa Cash Corn and Soybean Prices File A2-11 February 2018 www.extension.iastate.edu/agdm
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If markup on cost is 36%, what is the equivalent markup on retail?Answer: .361.36 = .26 What Should you Pay for Merchandise? You are considering vendors for private label shirts. You would like the retail price of the shirts to be $25.00. Your markup objective is 45% on retail.What is the highest price you can pay to meet this objective? Retail Selling Price = Cost of Merchandise + Markup$25 = X + $11.25100%= 55% + 45%So: 55% of $25 = $13.75 Determining the Most you Can Pay  A buyer for menâs clothing is seeking sport coats to retail for $125.The markup objective on retail is 48%.hat is the highest price you can pay to meet this objective? Retail Selling Price = Cost of Merchandise + Markup$25 = X + $11.25100%= 55% + 45%So: 55% of $25 = $13.75 Determining the Most you Can Pay  A buyer for menâs clothing is seeking sport coats to retail for $125. The markup objective on retail is 48%.