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	$	116,000		$	195,000
Net purchases		410,000			711,000
Net markups					47,000
Net markdowns					25,000
Net sales					689,000

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

Multiple Choice

• 59.7%.

• 68.2%.

• 55.2%.

• 53.8%.