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 and net markdowns

c) Neither net markups net markdowns

d) Net markups, but not net markdowns

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