Question: 30 Determine (a) the maintained markup percent and (b) the gross margin percent for a department that has the following figures: Net sales Net purchases

30 Determine (a) the maintained markup percent and (b) the gross

30 Determine (a) the maintained markup percent and (b) the gross margin percent for a department that has the following figures: Net sales Net purchases Opening inventory Freight inward Closing inventory Cash discounts Alteration costs $475,000 210,000 115,000 3,200 95,000 4,850 2,150

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