Actual sales in mens knits in Fall 2014 were 685000 against

Actual sales in men\'s knits in Fall 2014 were $685,000 against a Fall 2014 sales plan of $750,000, and Fall 2013 actual sales of $822,000. In developing the Fall 2015 merchandise plans, the buyer decided to plan this department -15% to LY. What was the actual sales trend in 2014 over 2013? What percent did the buyer miss their sales plan by in 2014? What is the sales plan for men\'s knits in Fall 2015?

Solution

(a) Actual sales in 2013 = $822000

Actual sales in 2014 = $685000

Difference = $137000 (Actual decrease in sales)

% decrease = 137000 X 100 / 822000 = 16.667 %

(b) Planes sales in 2014 = $750000

Actual sales = $685000

Missing % plan = (750000 - 685000) X 100/ 750000 = 8.6667 %

(c) Sales plan in 2015 is 15% less compared to 2014 actual slaes

Therefore plan of 2015 = 685000 X 85 / 100 = $582250