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The junior sportswear department had an opening inventory of $540,000 at retail, with a 48% markup. New purchases for the spring season are $1,700,000 at
The junior sportswear department had an opening inventory of $540,000 at retail, with a 48% markup. New purchases for the spring season are $1,700,000 at retail, with a cost of $850,000. What is the cumulative markup % on the total merchandise handled to date in this department?
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