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A retailer has net annual sales of $ 3 , 0 0 0 , 0 0 0 . Retail expenses are $ 2 6 0

A retailer has net annual sales of $3,000,000. Retail expenses are $260,000. Net profit is $400,000. Calculate the maintained markup at retail. The retail selling price is $10.00. What are the merchandise costs? a. $3.33
b. $6.67
c. $12.00
d. $14.92 The answer must be 6.67$

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