Show work What was the GM% and GMS of a...
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What was the GM% and GMS of a shoe department with net sales of $655, 000 with an average MU of 53% and markdowns totaling 34%? What was the gross margin of a contemporary dress store with net sales of $945, 500, with an average MU of 60% and markdowns totaling 23%? Looking at section VIl from the practice problems, which is the most important department for this store? Which is the least important? Below are the GM% for those same departments. Knowing this, which is the most successful? Which is the least successful? Cosmetics - 45.6% Shoes - 35.2% Dresses - 33.8% Handbags - 23.7% Jewelry - 41.1% If you were the buyer for this store and were given the task of increasing total profits for the store, what would be your strategy based on the information you've been given
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