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Lockey Company uses the perpetual inventory system and allows customers to use two credit cards in charging purchases. With the Oliver Bank Card, a 4%

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Lockey Company uses the perpetual inventory system and allows customers to use two credit cards in charging purchases. With the Oliver Bank Card, a 4% service charge for credit card sales is assessed. The second credit card that Lockey accepts is the Cooper Card. Cooper assesses a 2.5% charge on sales for using its card

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