2. The men's department buyer planned an initial markupf 61.6%, but wanted to be sure to achieve a maintained markup of 38.9% by the end of the period. What percentage retail reductions can he make and still maintain his markup plan? 59.64% 40 89% 37 15% 591 1% a. b. Answer: 3. Retail method of inventory, as a method of accounting to estimate the value of the merchandise on hand, a requires physical inventories monthly to estimate the value of the inventory on hand b. records the current retail prices of merchandise on hand C. records the cost value of the inventory d. does not adjust the book inventory figures to actual physical counts