Question: 2. Determine the initial markup percent needed on the basis of the following figures: Net sales $21,000 Profit $2,300 Expenses $7,500 Shortages $300 Employee discounts

2. Determine the initial markup percent needed on the basis of the following figures: Net sales $21,000 Profit $2,300 Expenses $7,500 Shortages $300 Employee discounts $200 Alteration costs $150 Cash discounts $280

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