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For the Spring season, a department has planned: Sales at $2,500,000 Markdowns at 32.5% Shortages at 1.8% Employee discounts 5.5% The department had an opening

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For the Spring season, a department has planned: Sales at $2,500,000 Markdowns at 32.5% Shortages at 1.8% Employee discounts 5.5% The department had an opening inventory at retail of $580,000 and a CMU % for the period of 58.5%. Closing inventory of $500,000 at retail is planned for the end of Spring period. Planned Spring gross margin of 47.5%. Calculate the cumulative markup for TMH, and The markup for new purchase

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