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3. You are the buyer for a large retail chain. You need to calculate your gross margin. You have the following information available: Purchases at

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3. You are the buyer for a large retail chain. You need to calculate your gross margin. You have the following information available: Purchases at retail Purchases at cost Markdowns Employee discounts Freight Shortage Cash discounts Sales Alterations Senior citizen discount $546,843 324,756 151,324 33,456 4,521 1,346 5,678 359,818 342 899 What is the total gross margin? 4. Repeat exercise three; however, calculate the gross margin using percentages

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