Determine initial markup percent for childrens department

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Question - Determine the initial markup percent for a children's department with these figures:

Net sales $270,000

Expenses $92,500

Profit 5%

Employee discounts $2,100

Shortages $1,550

Cash discounts $5,500

Markdowns 3%

Alteration costs $3,500

Reference no: EM133017691

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