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4- CALCULATE: (A) CUMULATIVE MARKUP %; (B) MAINTAINED MARKUP %; (C) GROSS MARGIN % Given: Opening inventory Cost $17,500 Retail $51,000 Gross purchase $25,000
4- CALCULATE: (A) CUMULATIVE MARKUP %; (B) MAINTAINED MARKUP %; (C) GROSS MARGIN % Given: Opening inventory Cost $17,500 Retail $51,000 Gross purchase $25,000 $63,500 Return to vendors $380 $535 Transfer in $1,250 $2,050 Transfer out $980 $1,730 Freight $650 Gross sales $81,500 Customer returns $2,000 Employee discounts $630 Markdowns $4,300 Cash discounts $1,050 Alteration costs $300
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Financial Accounting A User Perspective
Authors: Robert E Hoskin, Maureen R Fizzell, Donald C Cherry
6th Canadian Edition
470676604, 978-0470676608
