Calculate Gross Margin $\%$ for an accessory department given the following figures:

Cost

Retail

Opening inventory

$ $172,800\mathrm{.}00$

$ $315,860\mathrm{.}00$

Gross purchases

$ $395,630\mathrm{.}00$

$ $824,570\mathrm{.}00$

Returns to vendors

$ $5,345\mathrm{.}00$

$ $10,430\mathrm{.}00$

Freight

$ $4,210\mathrm{.}00$

Transfers in

$ $5,300\mathrm{.}00$

$ $8,540\mathrm{.}00$

Transfers out

$ $3,250\mathrm{.}00$

$ $7,280\mathrm{.}00$

Gross sales

$ $924,500\mathrm{.}00$

Customer returns

$ $65,650\mathrm{.}00$

Markdowns

$ $34,000\mathrm{.}00$

Employee discounts

$ $4,300\mathrm{.}00$

Cash discounts

$ $7,390\mathrm{.}00$

Alternations

$ $2,200\mathrm{.}00$