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The opening inventory for the boys department on March 1 was $150,000 at cost and $260,000 at retail. During the month, the department received merchandise that cost $95,000 with a 51% markup. Find the markup percentage. The opening inventory for the boys department on March 1 was $150,000 at cost and $260,000 at retail. During the month, the department received merchandise that cost $95,000 with a 51% markup.

Required:

Question: Find the markup percentage.

Note: Explain all steps comprehensively.

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Category:- Basic Finance
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