Question
Calculate the gross marginpercent .Present your answer with a percent sign, rounded to two decimal places (i.e. 19.64%). Cost ($)Retail ($)Opening inventory130,410201,543Gross purchases418,390884,916Returns to vendors1,7263,514Cash
Calculate the gross marginpercent.Present your answer with a percent sign, rounded to two decimal places (i.e. 19.64%).
Cost ($)Retail ($)Opening inventory130,410201,543Gross purchases418,390884,916Returns to vendors1,7263,514Cash discounts2,040Alteration costs1,620Freight1,690Gross Sales806,430Customer returns60,340Markdowns120,630Markdown cancellations3,048Additional markup360Employee discounts1,010Closing physical inventory212,803
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Essentials Of Accounting
Authors: Leslie Breitner, Robert Anthony
11th Edition
0132744376, 978-0132744379
