(1) Excluding both markups and markdowns. %

(2)Excluding markups but including markdowns. %(

3)Excluding markdowns but including markups. %

(4)Including both markdowns and markups. %

Sales Revenue Less: Sales Return Net Sales Revenue Cost of Goods Sold (S123,400*100/130) $127,500 (S4,100) $123,400 $94,923 Inventory, July 1 Add: Purchases Less: Cost of Goods Sold Inventory, July 31 $39,200 $92,200 ($94,923) S36,477 Goods on hand on July 16 Less: Goods received on Consignment basis Goods in Hand $33,100 (S5,900) S27,200 Inventory, July 31 Less: Goods in Hand |Insurance claim $36,477 ($27,200) $9,277 Sales Revenue Less: Sales Return Net Sales Revenue Cost of Goods Sold (S123,400*100/130) $127,500 (S4,100) $123,400 $94,923 Inventory, July 1 Add: Purchases Less: Cost of Goods Sold Inventory, July 31 $39,200 $92,200 ($94,923) S36,477 Goods on hand on July 16 Less: Goods received on Consignment basis Goods in Hand $33,100 (S5,900) S27,200 Inventory, July 31 Less: Goods in Hand |Insurance claim $36,477 ($27,200) $9,277