Question: Calculate the initial markup percent that will be required to achieve a 6% profit, using the following figures: Net sales $540,000 Employee discounts $2,900 Expenses

Calculate the initial markup percent that will be required to achieve a 6% profit, using the following figures: Net sales $540,000 Employee discounts $2,900 Expenses $180,000 Markdowns $8,250 Alteration costs 1.2% Cash discounts $6,550 Shortages $1,800

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