Calculate stock turnover for a department with BOM stock of $3,000, EOM stock of $4,000, and $7,000 in sales for the month. Answer: 1.75 2 2.33 6 Calculate planned retail purchases at cost for the month, given the following: Planned purchases at retail: $55,000 Planned markup: 48% Answer: $26, 400 $28, 600 $29, 425 $27, 580 If markdowns totaled $3, 360 and net sales were $56,000, what was the markdown percentage? Answer: 6% 1.67% 16% 5.89%