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Please help show formulas used and work 18. The Closet Shop had the following operational results: Net sales = $125,000 Billed cost of new purchases

Please help show formulas used and work

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18. The Closet Shop had the following operational results: Net sales = $125,000 Billed cost of new purchases = $64,000 Inward freight = $1,000 Alteration costs = $2,000 Cash discounts = $7,000 Find: a. The maintained markup in dollars and percentages. b. The gross margin in dollars and percentages

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