The owner of a small women's fashion store is adding a line of casual clothing. Based on industry averages for similar businesses, the following estimates have been made: Expenses 37.3% Cash Discounts 4.2% Shortages 2.4% Markdowns 8.4% Employee Discounts 2.4% Alteration Expenses 3.9% Profits 7.2% Using these estimates, calculate the initial markup percentage that is required