After the buyer reviewed the stock condition of the department, it appeared that the present inventory was higher than mlanmort the rannrt rovealed the followine: Page 1 of 2 To ensure this high-volume period (Thanksgiving Sale) is successful, the proper pricing of the new purchase and an accurate count of the present inventory is essential. The buyer also noted that there is $1,000 of markdown money avallable in November, To decide how to use the avallable November markdown money, the buyer came up with two potential courses of action. - Option 1: Use the markdown money to clear the present inventory by marking down the three problematic present item groups - the broken (Group 2), slow seling (Group 3), and solled (Group 4)-to $20, while maintaining the original retail prices ( $16 for Group A, $18 for Group B, and $20 for Group C) for the new promotional purchase as well as maintaining the original price (\$2\$) of the current and salable group (Group 1) of the present inventory. - Option 2: Use the markdown money to generate excitement in the store, by marking down the new promotional purchase from their original retail prices so that all three new merchandise groups (Groups A, B, \& C) will sell for a promotional markup of 50%, while selling all the present inventory groups at their current prices. 3. Assume that whichever course of action the buyer takes, all the present inventory and new promotional purchase will sell out and thire will be no other markdowns. Based on these assumptions, decide which option the buyer should pursue and mathematically justify your suggestion. (20 Points Total) Steps: Calculate and compare the (1) SNet Sales, (2) SNet Markdown, and (3) Maintained Markup\% that can be achieved on the entire merchandise (including both the present inventory and new promotional purchase) when each course of action is taken. REMEMAER: $ Markdown is calculated based on how much reduction is taken from the initial (original) retail price, not the current retall price. (a) Option 1: What is the SNet Sales? (2.5 Points) (b) Option 1: What is the SNet Markdown? (2.5 Points) (c) Option 1: What is the Mointained Markups? (3 Points) (d) Option 2: Whot is the SNet Sales? (3 Points) (e) Option 2: What is the SNet Markdown? (2.5 Points) (f) Option 2: What is the Maintained Markups? (2.5 Points) (9) Which option do you recommend and why? (4 Points)