Cost 227 221 18. 222 Given the following information, calculate the maintained markup %: 223 Retail 224 opening inventory $69,600.00 $145,000.00 225 gross purchases $36,000.00 $75,000.00 returns to vendors $7,200.00 $15,000.00 net purchases $98,400.00 freight $2,000.00 229 total merch handled $100,400.00 CMU = 230 net sales $80,000.00 cost % = 231 net markdowns $12,000.00 232 employee discounts $2,000.00 233 total retail deductions 234 closing book inventory 235 gross cost of merch sold 236 alterations costs $3,000.00 cash discounts $5,500.00 238 net cost of merch sold maintained markup S 240 maintained markup % 237 239 21 18. 22 Given the following information, calculate the maintained markup %: Cost Retail opening inventory $69,600.00 $145,000.00 gross purchases $36,000.00 $75,000.00 returns to vendors $7,200.00 $15,000.00 net purchases $98,400.00 freight $2,000.00 total merch handled $100,400.00 CMU = net sales $80,000.00 cost % = net markdowns $12,000.00 employee discounts $2.000.00 total retail deductions closing book inventory gross cost of merch sold alterations costs $3,000.00 cash discounts $5,500.00 net cost of merch sold maintained markup $ maintained markup % Page 8