Total merchandise available for sale is $119,000 at cost and $148,000 at retail.Net markdowns are $10,000 and sales are $50,000.The cost-to-retail ratio is
A)80%.
B)75%.
C)60%.
D)63%.

Question

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The Answer of Total merchandise available for sale is $119,000 at cost and $148,000 at retail.Net markdowns are $10,000 and sales are $50,000.The cost-to-retail ratio is
A)80%.
B)75%.
C)60%.
D)63%.

Total Merchandise Available for Sale Is $119,000 at Cost and $148,000