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Calculate the cumulative markup for tmh

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Reference no: EM133162275

Question - For the Spring season, a department has planned:

Sales at $2,500,000

Markdowns at 35%

Shortages at 1.8%

The department had an opening inventory at retail of $580,000 and a CMU % for the period of 59.0%.

Closing inventory of $500,000 at retail is planned for the end of Spring period.

Planned Spring gross margin of 49.5%.

Required - Calculate the cumulative markup for TMH, and The markup for new purchase

Reference no: EM133162275

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