PLEASE SHOW WORK

1. A regional grocer bought 500 locally grown watermelons. They cost $1 each, and were priced at $5 each. Unfortunately, weather was colder than expected and the store needed to take markdowns of 50% to sell the watermelons. What is the initial margin percent? What is the maintain margin percent? Did the grocer make a profit?

2A. Every morning Grandmas Kitchen purchases fresh cinnamon rolls from a local bakery. These cost $.75 each. They are sold to early morning customers for $3.00 each. Whatever rolls do not sell that morning are sold the next day as day old rolls. The markdown percent is 100%.

2B. What is the initial margin percent on the cinnamon rolls? What is the maintain margin percent? Did the restaurant make a profit?