Gross Markdown% (GMD%)

1)The men's wear department buyer takes the following markdowns during this month.

ITEM

Q'ty

Original Retail

Lower Retail

A

2

$16.50

$13.50

B

8

$14.25

$11.25

C

2

$17.00

$8.00

What was the department's GMD%?

2)The Mimi Department Store bought 31 coats to sell at $185.00 each. The coats cost $70.00 each.13 were sold at the original retail price, 8 were marked down $20.00 from the original price and the remainder were marked down an additional $25.00 before they were finally sold.What is the GMD% for all coats?

3)During a three-month period, the children's wear department recorded the following transactions.

Month

Gross Original Retail

Gross Markdowns

October

$410

$137

November

$510

$113

December

$320

$93

What was the GMD% for this period?