Question: When computing the cost - to - retail percentage for the average cost retail method, included in the denominator are: Multiple Choice Net markdowns, but

When computing the cost-to-retail percentage for the average cost retail method, included in the denominator are:
Multiple Choice
Net markdowns, but not net markups.
Net markups and net markdowns.
Neither net markups nor net markdowns.
Net markups, but not net markdowns.

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