A women's department buyer employed an INITIAL MARKUP of 57% on her merchandise. At the end of the season, she received the following performance results: Net sales Markdowns Employee discounts 2% Shortages 1% Alteration costs Cash discounts $200,000 12% $3,000 $1,200 1) What is the maintained markup% she achieved on her merchandise? (2 points) 2) What is the gross margin% the buyer achieved? (3 points)

A women's department buyer employed an INITIAL MARKUP of 57% on her merchandise. At the end of the season, she received the following performance results: 1) What is the maintained markup % she achieved on her merchandise? ( 2 points) 2) What is the gross margin % the buyer achieved? ( 3 points)