Calculate the initial markup percentage

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The owner of a new business has the following estimates available: Expenses will run 34.9 percent with an anticipated profit of 9.0 percent. Workroom expenses are estimated at 1.7 percent, and cash discounts are expected to be 7.1 percent. Markdowns are planned at 4.6 percent, employee discounts are expected to be 1 percent, and shortages are predicted at 1.2 percent. Calculate the initial markup percentage.

Reference no: EM132913650

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