Question: please answer a AND b 18. The Closet Shop had the following operational results: $125,000 $64,000 Net sales Billed cost of new purchases Inward freight

please answer a AND b

18. The Closet Shop had the following operational results: $125,000 $64,000 Net sales Billed cost of new purchases Inward freight Alteration costs Cash discounts $1,000 $2,000 $7,000 Find: a. The maintained markup in dollars and percentages. b. The gross margin in dollars and percentages

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