Question: 2. Determine the initial markup percent for a sporting goods store that has the following planned figures for a threemonth period: - Gross sales $565,000

2. Determine the initial markup percent for a sporting goods store that has the following planned figures for a threemonth period: - Gross sales $565,000 - Markdowns 5.2% - Alteration costs $4,600 - Employee discounts 0.9% - Cash discounts 2.1% - Shortages $1,800 - Customer returns \$5,000 - Expenses $173,600 - Profit 4.4\%

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