The following details are provided by Blue Bell Merchandisers. The company uses the periodic inventory system. 
Calculate the amount of net purchases.
Definitions:
Inelastic Demand
A situation where the demand for a product does not change significantly with a change in price.
Marginal Revenue
The rise in income achieved by selling an extra unit of a product or service.
Price Searcher
A seller that determines the selling price of its product or service based on market conditions, demand, and competition, instead of adhering to a market dictated price.
Marginal Revenue
The additional revenue that a company receives from selling one more unit of a good or service.
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