1) The cost of a clock is $34.50. a) If you set a retail price of $69.99, what will be the gross profit dollars and percent? b) What is the markup % 2) Planned retail sales for the month are $140,000 Planned markdowns 30,000 Beginning of month inventory (BOM) 255,000 End of month inventory (EOM) 220,000 What is the Open-to-Buy (OTB) for the month? 3) What is the order point and how many units should be reordered if a food retailer has an item with a 10-day lead time, 5-day review time, and daily demand of 24 units? Say 65 units are on hand and the retailer must maintain a backup stock of 20 units to maintain a 90 percent service level. a) What is the order point? b) How many units are to be ordered initially? 4) The manager for the sporting goods department planned to purchase $9,800 worth of merchandise at cost. This merchandise was to retail at $13,000. At Supplier A he purchased $3,750 at cost, with a retail value of $6,000. At Supplier B he purchased $2,950 at cost, with a retail value of $4,800. What gross profit percentage will the buyer achieve on purchases from a third supplier, C, to meet the overall markup objective.