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Calculate July's book Inventory on July 31st at cost if: Book inventory on July 1st is $972,000 Net sales are $630,000 Markdowns are 25% Receipts

Calculate July's book Inventory on July 31st at cost if: Book inventory on July 1st is $972,000 Net sales are $630,000 Markdowns are 25% Receipts are $464,260 Cumulative markup percent is 43%

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