Question: can someone please help in understanding how to do these problems? Report all currencies to the nearest penny and all percentages to the nearest tenth.

can someone please help in understanding how to do these problems?

Report all currencies to the nearest penny and all percentages to the nearest tenth. 1-2. Calculate the planned purchased at (1) retail and (b) cost given the following data: May Sales Markdowns BOM stock for May BOM stock for June Planned markup $18,000 $2,550 $32,000 $41.000 52% 3. If planned sales for July are $75,000 and the stock-sales ratio is planned at 2.5, the calculate BOM stock (2pts). 4. If a department has the following figures, calculate the GMROII (2pts): Net sales $38,500 Stock turn 2.5 Gross margin 43% Markup 50%

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