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Determine the maintained markup percent for a department with the following figures: Net sales $350,000 Net purchases 135,600 Opening inventory 120,000 Closing inventory 82,000 Freight

Determine the maintained markup percent for a department with the following figures:

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

Group of answer choices

51.57%

44.22%

50.55%

48.57%

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