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3- CALCULATE: (A) CUMULATIVE MARKUP % (B) MAINTAINED MARKUP % (C) GROSS MARGIN % Given: Opening inventory Cost $32,528 Retail $51,800 Gross purchases 16,000
3- CALCULATE: (A) CUMULATIVE MARKUP % (B) MAINTAINED MARKUP % (C) GROSS MARGIN % Given: Opening inventory Cost $32,528 Retail $51,800 Gross purchases 16,000 33,460 Returns to vendors 590 1,020 Transfers in 1,200 2,350 Transfers out 1,280 2,525 Freight 790 Markdowns 5,340 Gross sales 35,680 Customer returns 3,640 Employee discounts 250 Cash discounts Alteration costs $875 150
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