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A lingerie buyer determines that the department has net sales of $750,000, expenses of $315,000, and total reduction of $75,000. This buyer also wants to

A lingerie buyer determines that the department has net sales of $750,000, expenses of $315,000, and total reduction of $75,000. This buyer also wants to attain a net profit of 4.5%. Find the initial markup percentage. Please show all work.

A. 51.4%

B. 52%

C. 48%

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