19. Determine the initial markup % for the mens sportswear department, which has these figures:

Net sales $175,000

Profit 3.8%

Expenses $ 66,000

Employee discounts 1.2%

Markdowns 3.5%

Cash discounts $ 4,375

Shortages $ 1,000

Alteration costs $ 2,000

20. Determine (a) the maintained markup percent and (b) the gross margin percent for a department that has the following figures:

Net sales $475,000

Net purchases 210,000

Opening inventory 115,000

Freight inward 3,200

Closing inventory 95,000

Cash discounts 4,850

Alteration costs 2,150