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Calculating cumulative markup percentage

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Calculating Cumulative Markup Percentage

1. The buyer of scarves in the sample problem wants to calculate the cumulative markup percentage at the time the first purchases were added to the beginning inventory. Calculate the cumulative markup percentage at that point.

2. Beginning inventory was $52,932 at cost and $106,342 at retail. Purchases for the period were $11,764 at cost and $24,916 at retail. What was the cumulative markup percentage for the period?

3. A specialty store had a beginning inventory at cost of $196,853. At retail, the inventory was valued at $395,422. Two purchases were added to the inventory. At cost, they had a value of $82,700 and $244,058, respectively. At retail, purchase 1 was valued at $137,282 and purchase 2 was valued at $398,682. What was the cumulative markup percentage for the period?

4. A buyer for sporting goods has an inventory at the beginning of the month of $30,000 at cost and $45,000 at retail. New purchases during the month amounted to $20,000 at cost and $41,250 at retail. What is the cumulative markup percentage?

Reference no: EM132984203

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