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Why do many department stores seek a markup of about 30% when some discount houses operate on a 20% markup? Identify and explain at least

Why do many department stores seek a markup of about 30% when some discount houses operate on a 20% markup? Identify and explain at least three reasons.

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Markup basically includes the operating expenses retail reductions and profit to be made Therefore markup is the difference between the retail price a... blur-text-image

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