YOUR NAME: In-class assignment #3 - Please show all of your work and round to two decimal points Scenario 1: A retailer purchased 100 vases at the cost of $50 per vase. First price of those vases was $100. After selling 50 of them, the retailer decided to mark the price down to $80. After selling 30 of them, the the price was dropped again to $60. The remaining vases were sold. 100 Vases Cost - $50 per vase Price # Sold Net Sales $ MMUS/Unit Total MMUS MD$/Unit Total Unit MD% Total MD$ $100 50 $5,000 $50 $2,500 $0 0.0% $0 $80 30 1 $30 3 $20 20.0% 5 $60 20 2 $10 4 $40 40.0% 6 Total 100 Q.3 Q.4 Q.6 1. What is initial markup %? 2. What are the answers to Cell 1 to Cell 6? 3. What are the total net sales of the 100 vases (Cell Q.3)? 4. What are the total maintained markup dollars (Cell Q.4)? 5. What is maintained markup % after selling 100 vases? 6. What are the total markdown dollars (Cell Q.6)? 7. What is total markdown %? Scenario 2: A retailer buys a bag for $60 at wholesale. The cost of the bag is 55% of the original retail price. What is the original retail price? 1,071 W