###### 1. Calculate the same store sales change given the following information:

###### TY Sales = $5,000

###### LY Sales = $4,900

###### 2. Calculate average price given the following information (round to the nearest penny):

###### Units sold = 2,000

###### Sales $ = $5,000

###### 3. If a product’s initial retail price is $2.25, and its unit cost is $1.00, what is the initial margin?

###### 4. If a product’s initial margin is 25% and its price is $40, what is the product’s cost? (round to the nearest penny.)

###### 5. A product category had sales of $500,000 and markdowns of $100,000. What was the category’s markdown percent?

###### 6. A product category had retail inventory turns of 7.0 and sales of $1,450,000. What was the category’s average inventory level in dollars? (round to the nearest penny.)

###### 7. Calculate GMROI based on the following numbers:

###### Annual profit = $300,000

###### Average inventory at cost = $75,000

###### 8. If a product has sales of $365,000 and an average retail inventory of $24,500, what is that product’s retail turn?

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