Answer Happy

2. Jay's maintained a markup percentage or 55 percent last season while achieving a turnover rate of 1.9. The store has a markup percentage of 53 percent. Calculate GMROI for Jay’s. 3. At the end of the fall season, Department 58 had a gross margin of 41 percent combined with a turnover rate of 2.2. It has a markup percentage of 49 percent. At the end of the spring season, Department 58 had a gross margin of 41 percent combined with a turnover rate of 2.3. It has a markup percentage of 48 percent. Which season produced the highest GMROI? At the end of last season, men's shirts had a gross margin of 43.2 percent combined with a turnover rate of 2.3. It has a markup percentage of 48.6 percent. At the end of the same season, men’s ties had a gross margin of 49 percent combined with a turnover rate of 1.9. It has a markup percentage of 47.6 percent. Which product category produced the highest GMROI? 4. 5. Based on the following information, which store had the best GMROI? Store # 1 2 3 Markup % 52.1 49.6 48.4 Turnover Rate 2.1 2.4 2.5 Gross Margin % 53.6 54.2 51.0
Calculating GMROI 1 Gross Margin 46% Turnover Rate 2.60 Markup Percentage 51% GMROI 2.44