Question: 19 Opening inventory for a hardware store was $112,000 at retail with a markup of 52%. During the month, purchases were received in the amount

19
19 Opening inventory for a hardware store was $112,000 at retail with

Opening inventory for a hardware store was $112,000 at retail with a markup of 52%. During the month, purchases were received in the amount of $38,000 at cost which were marked up 56%. Find the cumulative markup percent for the department. Round to 2 decimal points

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