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What should be the initial markup percent in a department having these planned figures? Net Sales $420,000 Expenses 38.0% Markdowns $8,500 Alteration costs $950

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What should be the initial markup percent in a department having these planned figures? Net Sales $420,000 Expenses 38.0% Markdowns $8,500 Alteration costs $950 Shortages $2.500 Cash Discounts $1,600 Employee Discounts $1,900 Profit 8.0%

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