Under the retail method, in determining the cost-to-retail percentage for the current year:
(a) net markups are included.
(b) net markdowns are excluded.
(c) net sales are included.
(d) all of the above are correct.

(A) Net markups are included.

Explanation:

According to my research on the retail method, I can say that based on the information provided within the question when determining the cost-to-retail percentage for the current year Net markups are included. This is the difference between the selling price of a product against its cost.

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