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Report all currencies to the nearest penny and all percentages to the nearest tenth. 1. Find the markup for a men's suit department with the
Report all currencies to the nearest penny and all percentages to the nearest tenth. 1. Find the markup for a men's suit department with the following data: Net sales Opening inventory Net Purchases Profit Transportation Closing inventory Cash discount $235,500 $87,000 $97,000 $50,000 $2,500 $8,500 $4,800 a. What was the maintained markup percentage for the quafter? b. What was the gross margin percentage for the quarter
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