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Last Fall, the active sportswear department achieved a 45.9% gross margin with a stock turn of 2.1. The markup was 60.3%. During this Fall season
Last Fall, the active sportswear department achieved a 45.9% gross margin with a stock turn of 2.1. The markup was 60.3%. During this Fall season the gross margin was increased to 50.5% while everything else will be planned for the same. Calculate the percentage change in GMROI over last year.
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