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What is the cumulative markup of the department in dollars

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Reference no: EM132540684

Question 1: The jewelry department had the opening inventory of $12,000 at cost with a markup of 55%. During the season, the department has purchased additional merchandise worth 45,000 at retail on which a 49% markup was applied. What is the cumulative markup of this department in dollars and percentage? (You may want to use the grid below to help your calculation.)

Reference no: EM132540684

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