On april 1, the men s furnishings department had an opening inventory of $170,000 at retail with a markup of 48.0%. during the month the buyer purchased additional merchandise which was $80,000 in retail with a 52.0% markup. determine the cumulative markup percent for the department at the end of april (show two decimal places).

There is 49.28% of cumulative markup for the department at the end of April.

Step-by-step explanation:

Since we have given that

Price of opening inventory = $170,000

Mark up rate = 48%

Amount of mark up is given by

Price of additional merchandise = $80000

Mark up rate = 52%

Amount of mark up is given by

So, total mark up would be

$81600 + $41600 = 123200

So, the cumulative markup percentage for the department at the end of April is given by

Hence, there is 49.28% of cumulative markup for the department at the end of April.

do i do it on a graph?

step-by-step explanation:

addition

step-by-step explanation: