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On April 1, the contemporary sportswear department had an opening inventory of $250,000.00 at retail with a 60% markup. During the month of April, merchandise

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On April 1, the contemporary sportswear department had an opening inventory of $250,000.00 at retail with a 60% markup. During the month of April, merchandise costing $100,000.00 with a 55% markup was received into the department

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