Question: When computing the cost-to-retail percentage for the average cost retail method, included in the denominator are: a. Net markdowns, but not net markups. b. Net

When computing the cost-to-retail percentage for the average cost retail method, included in the denominator are:

a. Net markdowns, but not net markups.

b. Net markups, but not net markdowns.

c. Neither net markups nor net markdowns.

d. Net markups and net markdowns.

Which one?

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