Because of Markdowns, Discounts to Employees and Customers, and Merchandise

question 59

Multiple Choice

Because of markdowns, discounts to employees and customers, and merchandise reductions,

• A) the actual selling price is lower than the initial sales price.
• B) the maintained markup is always less than the gross margin.
• C) the total revenue becomes equal to the total cost.
• D) the value of average inventory at cost is less than its receipt value.
• E) the initial markup is always lower than the maintained markup.

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