A retailer's total merchandise available for sale (at cost)is $245,000; the total merchandise available for sale at retail equals $300,000.Its cost complement is 0.82.

Name: A retailer's total merchandise available for sale (at cost)is $245,000; the total merchandise available for sale at retail equals $300,000.Its cost complement is 0.82.
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Question

Quizplus · Accepted Answer

The cost complement is calculated as the cost divided by the retail price, which in this case is $245,000 / $300,000 = 0.8167, not 0.82.

A Retailer's Total Merchandise Available for Sale (At Cost)is $245,000;