What should be the initial markup percent

in a department which has the following

planned figures?

Gross sales

$565,000

Markdowns 5.2%

Alteration costs

$ 4,600

Employee discounts

0.9%

Cash discounts

2.1%

Shortages

$ 1,800

Customer returns

$ 5,000

Expenses $173,600

Profit 4.4%