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Determine the maintained markup percent and gross margin percent for a department with the following figures: (19 points) Net sales $350,000 Net purchases 135,600 Opening
Determine the maintained markup percent and gross margin percent for a department with the following figures: (19 points)
Net sales $350,000
Net purchases 135,600
Opening inventory 120,000
Closing inventory 82,000
Freight inward 6,400
Cash discounts 8,950
Alteration costs 4,950
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