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Determine the cumulative markup percent

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Reference no: EM131662349

On June 1, the home department showed an opening inventory of $400,000 at cost with a markup of 52%. Merchandise with a retail value of $210,000 at a 54% markup was received into the department during the month. Determine the cumulative markup percent for the department at the end of June.

Reference no: EM131662349

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