360 1,010 212,803 Additional markup Employee discounts osing physical inventory 7. Calculate (e) maintained markup percent and (b) gross margin percent, given the following information: Cost (S) 68,200 39,200 1,460 Retail (S) 119,740 80,520 Opening inventory Gross purchases Additional markup RTV Cash discounts Alteration/workroom costs Gross sales Transfers in Transfers out Customer returns Markdowns Markdown cancellations Employee discounts Estimated shortage 430 2,010 1,670 510 4,160 106,540 720 1,020 8,620 12,960 430 980 340 510 0.92 360 1,010 212,803 Additional markup Employee discounts osing physical inventory 7. Calculate (e) maintained markup percent and (b) gross margin percent, given the following information: Cost (S) 68,200 39,200 1,460 Retail (S) 119,740 80,520 Opening inventory Gross purchases Additional markup RTV Cash discounts Alteration/workroom costs Gross sales Transfers in Transfers out Customer returns Markdowns Markdown cancellations Employee discounts Estimated shortage 430 2,010 1,670 510 4,160 106,540 720 1,020 8,620 12,960 430 980 340 510 0.92