Question: Calculate:(a) shortage or overage % (b) cumulative markup % (c) maintained markup % (d) gross margin % Given: CostRetail Openinginventory$27,528$46,800 Grosspurchases15,40031,420 Returns tovendors180340 Transfersin1,1502,200 Transfersout1,2802,480

Calculate:(a) shortage or overage %

(b) cumulative markup %

(c) maintained markup %

(d) gross margin %

Given:

CostRetail

Openinginventory$27,528$46,800

Grosspurchases15,40031,420

Returns tovendors180340

Transfersin1,1502,200

Transfersout1,2802,480

Freight790

Additionalmarkup405

Markdowns5,340

Markdowncancellations480

Grosssales35,680

Customerreturns3,640

Employeediscounts230

Cashdiscounts980

Alterationcosts130

Closing physicalinventory40,280

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