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2. The men's dress shirt department has been given the following information to use in developing a merchandise plan for the fall-winter season: Planned net

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2. The men's dress shirt department has been given the following information to use in developing a merchandise plan for the fall-winter season: Planned net sales Operating expenses Planned profit Markdowns Stock Turnover $566,000 35.8% 4.0% 15.2% 2.9 Determine the initial markup % and gross margin %. Determine planned sales. Calculate the reductions for each month. 2. The men's dress shirt department has been given the following information to use in developing a merchandise plan for the fall-winter season: Planned net sales Operating expenses Planned profit Markdowns Stock Turnover $566,000 35.8% 4.0% 15.2% 2.9 Determine the initial markup % and gross margin %. Determine planned sales. Calculate the reductions for each month

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