Answer question 14 and 15

14. Calculate the Cumulative Markup % achieved for the following retail department: Cost $ Retail $ Opening Inventory 325,000 675,000 Purchase 1 55,000 125,000 Purchase 2 30,000 65,000 Purchase 3 4 7,000 100,000 15. Explain the impact on Gross margin of Sell Thru at Full Price or Markdown