Times New... 12 + BIUA GD E ilil III TI! III !!!! 1 2 3 4 5 15. The opening inventory on May 1 for the garden department was $125,000 at cost and $232,000 at retail. During the month the department received goods costing $75,000 with a 48.5% markup. Find the cumulative markup % (10 points) 16. Determine (a) the maintained markup percent and (b) the gross margin percent using the following figures: (13 points)