The opening inventory for the boys' department on March 1 was $150,000 at cost and $260,000 at retail. During the month, the department received merchandise that cost $95,000 with a 51% markup. Find the cumulative markup percent. Present your answer rounded to two decimal places, with a percent sign (i.e. 42.35%).
The opening inventory for the boys' department on March 1 was $150,000 at cost and $260,000 at retail. During the month, the department received merchandise that cost $95,000 with a 51% markup. Find the cumulative markup percent. Present your answer rounded to two decimal places, with a percent sign (i.e. 42.35%).
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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17. The opening inventory for the boys' department on March 1 was $150,000 at cost and $260,000 at retail. During the month, the department received merchandise that cost $95,000 with a 51% markup. Find the cumulative markup percent.
Present your answer rounded to two decimal places, with a percent sign (i.e. 42.35%).
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