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21. The T-shirt department buyer determined that the department's initial markup should be 51.5%. The buyer also wanted to attain a maintained markup of
21. The T-shirt department buyer determined that the department's initial markup should be 51.5%. The buyer also wanted to attain a maintained markup of 45%. Under this plan, what retail reduction (in percentage) would be allowed?
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Government and Not for Profit Accounting Concepts and Practices
Authors: Michael H. Granof, Saleha B. Khumawala
6th edition
978-1-119-4958, 9781118473047, 1118155971, 1118473043, 978-1118155974
