Retailing 8th Edition by Patrick Dunne,Robert Lusch, James Carver

Exercise 19

How do retailers use dollar-merchandise control Describe how open-to-buy is used in the retail buying process.
A buyer is going to market and needs to compute the open-to-buy. The relevant data are as follows: planned stock at end of March, $319,999 (at retail prices); planned March sales, $149,999; current stock on hand (March 1), $274,000; merchandise on order for delivery, $17,000; planned reductions, $11,000. What is the buyer's open-to-buy