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What is gross markdown on the pants

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Reference no: EM132542816

Gross $Markdown ($GMD)

Question 1) If 14 pants are reduced from a retail price of $23.50 each to a markdown retail price of $17.50 each, then what is $GMD on the pants?

Question 2) The following are price changes in the MiMi Department Store:

ITEM            Q'ty           Original Retail           Lower Retail

Sweaters            37        $17.50                    $13.50

Scarves              13            $17.50                $11.50

Jackets                19           $12.00               $7.00

What is the $GMD for these items?

Reference no: EM132542816

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