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1. The mens tie buyer has net sales of $1,440,000, expenses of $504,000 and total reductions of $604,800. The buyer also needs to attain a

1. The mens tie buyer has net sales of $1,440,000, expenses of $504,000 and total reductions of $604,800. The buyer also needs to attain a net profit of $86,400. Find the initial markup percentage.

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