QUESTION 15 On April 15 of the current year, a fire destroyed the entire uninsured inventory of a retail store. The following data are available: Sales January 1 through April 15 $300,000 Inventory, January 1 50,000 Purchases. January 1 through April 15 250,000 If the amount of inventory destroyed in the fire was $60,000, then what is the inventory markup on cost? hint: if your answer was 57% just write 57