Total Merchandise Available for Sale Is $119,000 at Cost and $148,000

question 5

Multiple Choice

Total merchandise available for sale is $119,000 at cost and $148,000 at retail.Net markdowns are $10,000 and sales are $50,000.The cost-to-retail ratio is

• A)80%.
• B)75%.
• C)60%.
• D)63%.

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Definitions:

Glucose

A simple sugar that serves as a primary source of energy for living organisms, especially important in cellular respiration and blood sugar regulation.

Monosaccharides

Simple sugars that are the most basic form of carbohydrates, serving as an essential energy source for cells.

Organ

A part of the body composed of tissues that perform a specific function or group of functions, such as the heart, liver, or lungs.

Hepatic Duct

A duct in the liver that transports bile from the liver to the gallbladder and duodenum.