Consider the following information from Mikes Appliance Store (Projected for 2019). What is initial markup percentage at retail?

(Note: Record answer as a whole number without using a percentage sign in your answer. For example, if the answer is .10 = 10% - record "10" as you answer.)

Net Sales	$1,150,000
Operating expenses	24% of net sales
Net profit goal	9% of net sales
Planned reductions for markdowns	$62,000
Planned reductions for theft	$13,000