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The men's sock buyer has a gross margin plan of 4 4 . 0 % , with markdowns planned at 4 0 . 0 %

The men's sock buyer has a gross margin plan of 44.0%, with markdowns planned
at 40.0%, employee discounts planned at 10.0%, shortages planned at 2.0%,
and the buyer has negotiated 15.0% overall cash discounts. Calculate the initial
markup percentage.

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