Calculate the maintained mark up percentage for a department

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Reference no: EM13796533

Calculate the maintained mark up percentage for a department under the following conditions:

Net Sales $75,000

Opening Inventory $37,000

Closing Inventory   $38,000

Net Purchases   $46,000

Freight Inward   $1,400

 

Cash Discounts $2,400

Reference no: EM13796533

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