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The infant s buyer has planned sales of $ 3 , 4 0 0 , 0 0 0 and retail reductions $ 1 , 6

The infant

s buyer has planned sales of $

3, 400, 000

and retail reductions $

1, 632, 000

and requires a gross margin of $

1, 075, 000 .

Calculate the initial markup percentage. Show Two decimal places.

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