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Determine the initial markup percent for a sporting goods

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Question - Determine the initial markup percent for a sporting goods store that has the following planned figures for a three-month period:

Net sales $425,000

Profit 4.1%

Expenses 30.0%

Employee discounts $4,000

Cash discounts $7,000

Alteration costs 3.5%

Shortages $3,825

Markdowns 6.4%

Reference no: EM132760542

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