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Merchandising Math, from the course based on Merchandising math for retailing textbook: A jewelry store has estimated expenses of 39%, markdowns at 15%, stock shortage

Merchandising Math, from the course based on Merchandising math for retailing textbook:

A jewelry store has estimated expenses of 39%, markdowns at 15%, stock shortage at 6.3%. A profit of 4% is desired. Calculate the initial markup percentage required.

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