4. a small leather goods department, the markdowns, including employee In a sm Decounts, were 38.7%, stock shortage was 2.8%, and the gross margin was 46.696. Determine the initial markup percentage. 3.1 TYPES OFN 6. The intimate apparel buyer wants to determine an initial markup percentage for the robe classification. The buyer knows that the gross margin is 44%, markdowns are at 31.4%, and shortages are at 0.6%. Calculate the initial markup percentage. 8. A buyer plans, for the period, net sales of $1,500,000, with a 49% gross margin. The acceptable markdowns are 42%, with employee discounts at 1%, and planned shortages of 2.5%. Cash discounts to be earned are estimated at 12%, and alteration costs are 0.5%. What initial markup percentage is needed to achieve the desired results? ER 3: BASIC MARKUP EQUATIONS USED IN MERCHANDISING DECISIONS 10. The petite sportswear buyer plans seasonal net sales vear buyer plans seasonal net sales of $2,000,000, with a gross margin of 48%, markdowns (including employee and dat 32.9%, planned shortages at 2.1%, cash discounts to be earned planned at 6%, and alteration costs at 1%. Calculate the planned initial markup percentage