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Total merchandise available for sale is $119000 at cost and $140000 at retail. Net markdowns are $10000 and sales are $50000. The cost-to-retail ratio

Total merchandise available for sale is $119000 at cost and $140000 at retail. Net markdowns are $10000 and sales are $50000. The cost-to-retail ratio (rounded) is 06%. O 82% 60%. 80%

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