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1. Find the initial markup for a men's suit department with the following data: a. What was the maintained markup percentage for the quarter?
1. Find the initial markup for a men's suit department with the following data: a. What was the maintained markup percentage for the quarter? b. What was the gross margin percentage for the quarter? Net sales $235,500 Opening inventory $87,000 Net Purchases $97,000 Profit $50,000 Transportation $2,500 Closing inventory $8,500 Cash discount $4,800
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