Given the following information, calculate the maintained markup %: opening inventory gross purchases Cost $69,600.00 Retail...

  

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Given the following information, calculate the maintained markup %: opening inventory gross purchases Cost $69,600.00 Retail $145,000.00 returns to vendors net purchases freight $36,000.00 $75,000.00 $7,200.00 $15,000.00 $98,400.00 total merch handled $2,000.00 $100,400.00 CMU = net sales net markdowns employee discounts total retail deductions $80,000.00 cost % = $12,000.00 $2,000.00 closing book inventory gross cost of merch sold alterations costs cash discounts net cost of merch sold maintained markup S maintained markup % $3,000.00 $5,500.00 Given the following information, calculate the maintained markup %: opening inventory gross purchases Cost $69,600.00 Retail $145,000.00 returns to vendors net purchases freight $36,000.00 $75,000.00 $7,200.00 $15,000.00 $98,400.00 total merch handled $2,000.00 $100,400.00 CMU = net sales net markdowns employee discounts total retail deductions $80,000.00 cost % = $12,000.00 $2,000.00 closing book inventory gross cost of merch sold alterations costs cash discounts net cost of merch sold maintained markup S maintained markup % $3,000.00 $5,500.00

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To calculate the maintained markup percentage we need to find the maintained markup amount and divid... View the full answer