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What is the effect of net markups on the cost-retail ratio when using the conventional retail method? No effect on the cost-to-retail ratio. Depends on

What is the effect of net markups on the cost-retail ratio when using the conventional retail method?

No effect on the cost-to-retail ratio.

Depends on the amount of the net markdowns.

Increases the cost-to-retail ratio.

Decreases the cost-to-retail ratio.

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