Find the cumulative markup percent on merchandise handled

Reference no: EM132219628

Question - A buyer for men's ties has an opening inventory of $15,000 (retail), which carries a 52.5% markup. For the upcoming season, new ties costing $2,100 were added to the inventory. They were marked to sell for $4,200 at retail. Find the cumulative markup percent on merchandise handled in this department.

Reference no: EM132219628

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