Question: Determine the initial markup percent for a children's department with these figures: Net sales $270,000.00 Expenses $92,500.00 Profit 5% Employee discounts $2,100.00 Shortages $1,550.00 Cash

Determine the initial markup percent for a children's department with these figures:
Net sales $270,000.00
Expenses $92,500.00
Profit 5%
Employee discounts $2,100.00
Shortages $1,550.00
Cash discounts $5,500.00
Markdowns 3%
Alteration costs $3,500.00

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