Question: Match the terms relating to the retail inventory method to the correct explanation. Initial markup Initial markup drop zone empty. Additional markup Additional markup drop

Match the terms relating to the retail inventory method to the correct explanation. Initial markup Initial markup drop zone empty. Additional markup Additional markup drop zone empty. Markup cancellation Markup cancellation drop zone empty. Markdown Markdown drop zone empty. Markdown cancellation Markdown cancellation drop zone empty. Reduction in selling price below the original selling price Elimination of an additional markup Original amount of markup from cost to selling price Increase in selling price subsequent to initial markup Elimination of a markdown

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