Question: Calculate the initial markup % that will be required to achieve a 6% profit, using the following Net Sales $540,000 Employee Discounts 5,200 Expenses $180,000

    1. Calculate the initial markup % that will be required to achieve a 6% profit, using the following

    Net Sales $540,000

    Employee Discounts 5,200

    Expenses $180,000

    Markdowns $10,850

    Alteration costs 1.2%

    Cash discounts 6,550

    Shortages 5,000

    Profit 6%

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