For the Spring season, a department has planned: Sales at $2,500,000 Markdowns at 32.5% Shortages at 1.8% Employee disco
Posted: Thu Apr 28, 2022 11:16 am
For the Spring season, a department has planned: Sales at $2,500,000 Markdowns at 32.5% Shortages at 1.8% Employee discounts 5.5% The department had an opening inventory at retail of $580,000 and a CMU % for the period of 58.5%. Closing inventory of $500,000 at retail is planned for the end of Spring period. Planned Spring gross margin of 47.5%. Calculate the cumulative markup for TMH, and The markup for new purchase