Laura's Department Store uses the average cost retail inventory method to determine its ending inventory. The accounting records for the current year for Laura's contained the following information: 
In addition, the accounting records for Laura's disclosed that purchases returns at cost and retail were $1,950 and $4,250, respectively. What is the cost-to-retail percentage to be used for ending inventory calculations?
Definitions:
Dentist Visit
An appointment with a dental care professional for oral health assessment, treatment, or both.
Seven Ps
An extended version of the marketing mix that includes Product, Price, Place, Promotion, People, Process, and Physical evidence; used by businesses to ensure they are marketing effectively.
LA Galaxy
A professional soccer team based in Los Angeles, known for competing in Major League Soccer (MLS).
Services Marketing
The approach to marketing focused on selling services as opposed to tangible products, addressing the unique challenges of service promotion, delivery, and quality management.
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