11. If Alterations and Cash Discounts are not applicable to the retailer, Maintained Margin and Gross Margin will be a. The same b. Gross Margin will be higher c. Maintained Markup will be higher d. None of the above 12. During the month of December, Sales were 500,000 and Markdowns were $42,500. What was the MD\% for the month? 13. Markdowns for the month totaled 30%. If Net Sales during the month were 820,000 calculate the MD\$