The total cost valuation of a retailer's inventory is $75,000 and the total retail valuation is $130,000.Approximately how much of every retail sales dollar is made up of merchandise cost?

Question

Quizplus · Accepted Answer

To find how much of every retail sales dollar is made up of merchandise cost, divide the total cost valuation by the total retail valuation: $75,000 / $130,000 = 0.5769, which is approximately 57.7 cents.

The Total Cost Valuation of a Retailer's Inventory Is $75,000