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9. Determine the initial markup percentage from the following data: Gross margin = 46.8% Markdowns = 35.0% Employee discounts = 1.5% Cash discounts to be

9. Determine the initial markup percentage from the following data: Gross margin = 46.8% Markdowns = 35.0% Employee discounts = 1.5% Cash discounts to be earned = 15.0% Alteration costs = 0.5%

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