Question: 1- CALCULATE MAINTAINED MARKUP% AND GROSS MARGIN% GIVEN THE FOLLOWING FIGURES: Cost Retail Opening Inventory $ 421,623.00 $754,156 Purchases $ 356,213.00 $601,000 Freight S
1- CALCULATE MAINTAINED MARKUP% AND GROSS MARGIN% GIVEN THE FOLLOWING FIGURES: Cost Retail Opening Inventory $ 421,623.00 $754,156 Purchases $ 356,213.00 $601,000 Freight S 9,120.00 Transfer Ins $ 3,500.00 $6,420 Transfer Outs $ 3,100.00 $6,120 Returns to Vendor $ 14,350.00 $22,500 Gross Sales $820,400 Customer Returns $34,000 Markdowns Employee Discounts Alteration Costs Cash Discounts $89,100 $8,400 $300 $1,500
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