2. 3. 4. What should be the initial markup percent in a children's store having the following planned figures? Net sales Expenses Profit Shortages Alteration costs Employee discounts Cash discounts Markdowns Net sales Profit Expenses Employee discounts Cash discounts Alteration costs Shortages Markdowns $280,000 70,000 24,000 2.200 8,700 2,800 Determine the initial markup percent for a sporting goods store that has the following planned figures for a three-month period: Gross sales Markdowns Alteration costs Employee discounts Cash discounts Shortages Customer returns Expenses Profit 3.200 10,500 $425.000 4.1% 30.0% $ 4,000 $ 7.000 3.5% $ 3.825 6.4% What should be the initial markup percent in a department which has the following planned figures? $565.000 5.2% $4,600 0.9% 2.1% $ 1.800 $ 5,000 $173,600 4.4% What initial markup percent will be required to achieve a 5.5 % profit? Employee discounts Cash discounts Alteration costs 1.1% 2.5 3.0