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19. Determine the initial markup % for the mens sportswear department, which has these figures: Net sales $175,000 Profit 3.8% Expenses $ 66,000 Employee discounts
19. Determine the initial markup % for the mens sportswear department, which has these figures:
Net sales $175,000
Profit 3.8%
Expenses $ 66,000
Employee discounts 1.2%
Markdowns 3.5%
Cash discounts $ 4,375
Shortages $ 1,000
Alteration costs $ 2,000
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