Problem
A. On August 1, the home-furnishings department showed an opening inventory of $192,000 (retail) with a markup of 54%. During the month, merchandise costing $59,048 with a 60% markup was received into the department. What was the cumulative markup percent?
B. The buyer in the fashion jewelry department received a report showing an opening inventory for September 1 of $58,000 at cost with a markup of 47%. Merchandise with a retail value of $50,000 with a 51% markup was received into the department during the month. Find the cumulative markup percent for September.
C. On July 1, the housewares department showed an opening inventory of $90,000 at retail with a 54% markup. During July, purchases were received in the amount of $40,000 at cost and were marked up 51%. Find the cumulative markup percent.