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Mr. Volunteer plans the operation of his clothing store in 2024 as below: (% of net sales) 10% 8% 8% 10% 3% 2% 2% 1%
Mr. Volunteer plans the operation of his clothing store in 2024 as below: (% of net sales) 10% 8% 8% 10% 3% 2% 2% 1% Payroll Rent Utilities Markdowns Sales discounts Stock shortages Alteration costs Cash discounts In order to meet Mr. Browne's profit goal of 30%, what initial markup% needs to be planned for his store? (4 points)
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