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Determine the initial markup percent for a sporting goods store that has the following planned figures for a three-month period: (17 points) Net sales $425,000
Determine the initial markup percent for a sporting goods store that has the following planned figures for a three-month period: (17 points)
Net sales $425,000
Profit 4.1%
Expenses 30.0%
Employee discounts $4,000
Cash discounts $7,000
Alteration costs 3.5%
Shortages $3,825
Markdowns 6.4%
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