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Find the maintained markup in dollars and percentages

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Reference no: EM132908498

Problem - The Closet Shop had the following operational results:

Net sales = $125,000

Billed cost of new purchases = $64,000

Inward freight = $1,000

Alteration costs = $2,000

Cash discounts = $7,000

Required -

a. Find the maintained markup in dollars and percentages.

b. Find the gross margin in dollars and percentages.

Reference no: EM132908498

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