Clarabell Inc. uses the conventional retail method to estimate ending inventory. Cost data for the most recent quarter is shown below:

	Cost			Retail
Beginning inventory	$	122,000		$	201,000
Net purchases		422,000			723,000
Net markups					53,000
Net markdowns					31,000
Net sales					695,000

The conventional cost-to-retail percentage (rounded) is:

60.9%.

54.1%.

64.9%.

55.7%.