The subject policy provided that inventory, whether sold or unsold, was to be valued on the basis of selling price, minus discounts and expenses. Plaintiff, a retailer of perfume products, claims that it lost most of its inventory and records in a fire, that it was selling its inventory at four times cost and was not offering discounts, and that its sales and corporate tax returns, which indicated that it was selling its inventory at less than cost, did not truly reflect...
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