Benny's Bed Co. uses a periodic inventory system and the average cost retail method to estimate ending inventory and cost of goods sold. The following data is available from the company records for the month of September 2021. Beginning inventory Net purchases Cost $ 45,000 200,000 Retail $ 65,000 295,000 Net markups 30,000 Net markdowns 13,500 Net sales 223,000 The average cost-to-retail percentage (rounded) is