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13. A belt department had an opening inventory of $95,000 at retail, with a 55.8%...

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13. A belt department had an opening inventory of $95,000 at retail, with a 55.8% markup. Purchases during November were $64,000 at cost and $142,000 at retail. Determine: 58 a. The cumulative markup percentage. Cost Ret 60 Opening inventory 61 New purchases $64,000 13. A belt department had an opening inventory of $95,000 at retail, with a 55.8% markup. Purchases during November were $64,000 at cost and $142,000 at retail. Determine: 58 a. The cumulative markup percentage. Cost Ret 60 Opening inventory 61 New purchases $64,000

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