CTD 361 BASIC PROFIT FIGURES - HOMEWORK PROBLEMS Due Wed 9/7 at 4:00 PM in class 1. Calculate the retail price of a dress that cost $225 and needs a markup of 58%. 2. What is the MU\% on a coat that costs $85 and sells for $200 ? 3. The junior sportswear buyer planned sales for the month amounting to $840.000. The markdowns were planned at 15\%. How much dollar markdown can be taken? 4. In the month of July, a home buyer took markdowns totaling $3200. During this time, the net sales for the department were $24,000. If the original markdown plan for this month called for 12% markdowns. was the actual markdown over or under the original plan, and by how much in dollars? What was the actual markdown \%? 5. What was the GM\% and GM\$ of a shoe department with net sales of $715.000 with an average MU of 56% and markdowns totaling 36% ? 6. What was the GM\% and GM\$ of a contemporary dress store with net sales of $945,500, with an average MU of 53% and markdowns totaling 28% ? 7. Looking at section VII from the practice problems, which is the most important department for this store? Which is the least important? 7A. Below are the GM\% for those same departments. Knowing this, which is the most successful? Which is the least successful? Cosmetics 45.6% Shoes 35.2% Dresses 33.8% Handbags 23.7% Jewelry 41.1% 78. If you were the buyer for this store and were given the task of increasing total profits for the store, what would be your strategy based on the information you've been given