Discuss the below problem:
Q1: A buyer had an inventory on March 1 of $25,000 and a planned EOM stock of $30,000. As of March 1, the buyer had merchandise on order of $12,500 at retail to be delivered during the month. Planned markdowns for the month were $1,900, and planned sales were $20,000. The planned initial markup was 48%. Find the buyer's OTB for the month at retail and at cost.
Q2 : Small vintage boutique had planned sales of $12,000 and planned markdowns at 5% for the month of July. They also had planned July 1st stock of $12,500 and planned August 1st stock of $13,800. On July 15, the buyer checked her numbers and saw that they currently had $18,500 on stock-on-hand and had $2,850 worth of merchandise on order. The buyer began to worry because she only had $3,870 in sales and had $265 in markdowns. Planned initial MU is 55%. She wanted to purchase some vintage-inspired handbags and needs to know how much OTB money she has left. What is her OTB @ Cost?