A buyer has inventory with the following figures:           …

A buyer has inventory with the following figures:                                                    COST                                         RETAIL                                       Opening Inventory               $30,000                                     $62,000 Purchases                             $25,000                                      $70,000 Net Transfers OUT               $10,000                                     $21,000   Find: (A) Cumulative markup percentage (CMU) and (B) COST PERCENT on total merchandise handled