Based on the following data, calculate the estimated cost of the merchandise inventory on March 31 using the retail method.
Definitions:
Nominal Return
The amount of profit or loss on an investment before adjusting for inflation.
Real Return
The rate of return on an investment after adjusting for inflation, representing the actual purchasing power gained or lost.
Holding-period Return
The overall profit earned from owning an asset or a collection of assets for a certain duration, taking into account both earnings and growth in value.
Dividend
Money distributed by a corporation to its shareholders, often as a share of the earnings.
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