Opening inventory for a hardware store was $112,000 at retail with a markup of 52%. During the month, purchases were received in the amount of $38,000 at cost which were marked up 56%. Find the cumulative markup percent for the department. a. 53.74%.b. 54.4%.c. 51.39%.d. 52.75%.
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Opening inventory for a hardware store was $112,000 at retail with a markup of 52%. During the month...
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