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19. A department store has net sales of $15,750,000, expenses of $7,775,000 and total reductions of $5,512,500. The buyer wants to attain a 4.5% profit.

19. A department store has net sales of $15,750,000, expenses of $7,775,000 and total reductions of $5,512,500. The buyer wants to attain a 4.5% profit. Find the initial markup percentage

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