For the Spring season, a department has planned:

Sales at $2,500,000

Markdowns at 35%

Shortages at 1.8%

The department had an opening inventory at retail of $580,000 and a CMU % for the period of 59.0%.

Closing inventory of $500,000 at retail is planned for the end of Spring period.

Planned Spring gross margin of 49.5%.

Calculate the cumulative markup for TMH, and The markup for new purchase

	$	%
Op Inv
New purchase
TMH
Cl inv
GM
Sales
MD
ST
RD
IMU