Hi Can you please explain Step by step

1. Given the following figures, determine (a) the maintained markup percent and (b) the gross margin percent: Net sales $200,000 Gross cost of merchandise sold $102,500 Cash discounts $3,500 Alteration costs $1,500 132 chapter 5

2. Calculate (a) the maintained markup percent and (b) the gross margin percent with the following figures: Net sales $890,000 Cash discounts $6,000 Alteration costs $2,500 Gross cost of merchandise sold $420,000

3. Calculate the maintained markup percent for a department under the following conditions: Net sales $75,000 Opening inventory $37,000 Closing inventory $38,000 Net purchases $46,000 Freight inward $1,400 Cash discounts $2,400

4. The housewares department had a gross margin of $88,200, cash discounts of $6,200, and alteration costs of $2,400. If the net sales were $220,000, what was the maintained markup percent? 5. Determine (a) the maintained markup percent and (b) the gross margin percent for a department with the following figures: Net sales $320,000 Opening inventory $85,000 Closing inventory $105,800 Net purchases $185,000 Freight inward $3,800 Cash discounts $5,400 Alteration costs $2,100

5. Determine (a) the maintained markup percent and (b) the gross margin percent for a department with the following figures: Net sales $320,000 Opening inventory $85,000 Closing inventory $105,800 Net purchases $185,000 Freight inward $3,800 Cash discounts $5,400 Alteration costs $2,100

2. Calculate (a) the maintained markup percent and (b) the gross margin percent with the following figures: Net sales $890,000 Cash discounts $6,000 Alteration costs $2,500 Gross cost of merchandise sold $420,000 3. Calculate the maintained markup percent for a department under the following conditions: Net sales $75,000 Opening inventory $37,000 Closing inventory $38,000 Net purchases $46,000 Freight inward $1,400 Cash discounts $2,400 4. The housewares department had a gross margin of $88,200, cash discounts of $6,200, and alteration costs of $2,400. If the net sales were $220,000, what was the maintained markup percent? 5. Determine (a) the maintained markup percent and (b) the gross margin percent for a department with the following figures Net sales $320,000 Opening inventory $85,000 Closing inventory $105,800 Net purchases $185,000 Freight inward $3,800 Cash discounts $5,400 Alteration costs $2, 100