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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: Net sales $425,000 Profit 4.1%
Determine the initial markup percent for a sporting goods store that has the following planned figures for a three-month period:
Net sales $425,000
Profit 4.1%
Expenses 0.0%
Employee discounts $ 4,000
Cash discounts $ 7,000
Alteration costs 3.5%
Shortages $ 3,825
Markdowns 6.4%
Group of answer choices
41.99%
40.83%
44.55%
49.58%
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