Net sales for a department were $128,644; customer returns were $6,846. What was the percent of returns?

Net sales of handbags were $187,680. Customer returns were 8.5%. Find gross sales.

The manager of Contemporary Casuals was trying to determine if the gross margin return on investment had

improved from last year.

This year the average inventory at cost was $62,900 while last year it was $61,600.

Last year net sales were $280,779 and this year they improved to $281,444.

The gross margin percent

for last year was 52.00% and this year it was 52.50%.

Find the percent change in net sales from last year.

Calculate the GMROI for this year and last year and

determine if the GMROI has improved.