A wholesale distributor for floor covering materials prices such that retail prices are 250 percent of cost. Inventory at the beginning of July is $180,000 and the distributor desires that the July 31 inventory be 40 percent smaller. Compute the budgeted July purchases if sales are budgeted at $400,000 for July $224.800 $88,000 $203.200 None of the answers are correct. O $23,200