Maintained markup is 39 percent, net sales are $52,000, and reductions are $2,500. What are the gross

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Maintained markup is 39 percent, net sales are $52,000, and reductions are $2,500. What are the gross margin in dollars and the initial markup as a percentage? Explain why initial markup is greater than maintained markup. LO14-4

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Retailing Management

ISBN: 9781264157440

11th Edition

Authors: Michael Levy

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Question Posted: Jul 03, 2024 10:06 AM

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Maintained markup is 39 percent, net sales are $52,000, and reductions are $2,500. What are the gross

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Retailing Management

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