HAVING DIFFICULTIES WITH THIS ASSIGNMENT PLEASE ADVISE

1 . What should be the initial markup percent in a children's store having the following planned figures? Net sales $280,000 Expenses 70,000 Profit 24,000 Shortages 2,200 Alteration costs 8,700 Employee discounts 2,800 Cash discounts 3,200 Markdowns 10,500 2. Determine the initial markup percent for a sporting goods store that has the following planned figures for a three-month period: Net sales $425,000 Profit 4.1% Expenses 30.0% Employee discounts 4,000 Cash discounts 7,000 Alteration costs 3.5% Shortages $ 3.825 Markdowns 6.4% 3. What should be the initial markup percent in a department which has the following planned figures? Gross sales $565,000 Markdowns 5.2% Alteration costs $ 4.600 Employee discounts 0.9% Cash discounts 2.1% Shortages $ 1.800 Customer returns $ 5,000 Expenses $173,600 Profit 4.4% 4. What initial markup percent will be required to achieve a 5.5 % profit? Employee discounts 1.1% Cash discounts 2.5 Alteration costs 3.0 Shortages 1.0 Markdowns 5.0 Expenses 34.5