Question: The Alpha Company uses the retail inventory method for valuation of its inventory. If an item had a cost of $ 4 5 , was

The Alpha Company uses the retail inventory method for valuation of its inventory. If an item had a cost of $45, was originally
marked to sell at $60, was later priced at $55, and finally was priced at $68, the resulting price change is a
net markdown of zero and an a markup of $8.
net markup of $13.
net markdown of $5 and a markup of $8.
net markup of $23.
The Alpha Company uses the retail inventory method for valuation of

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