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Total merchandise available for sale is $118078 at cost and $148300 at retail. Net markdowns are $11000 and sales are $55000. The cost-to-retail ratio (rounded)

Total merchandise available for sale is $118078 at cost and $148300 at retail. Net markdowns are $11000 and sales are $55000. The cost-to-retail ratio (rounded) is a. 90%. b. 58%. c. 80%. d. 86%

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