Question: Determine the initial markup percent for a sporting goods store that has the following planned figures for a three-month period: Net sales $425,000 Profit 4.1%

Determine the initial markup percent for a sporting goods store that has the following planned figures for a three-month period:

Net sales $425,000

Profit 4.1%

Expenses 0.0%

Employee discounts $ 4,000

Cash discounts $ 7,000

Alteration costs 3.5%

Shortages $ 3,825

Markdowns 6.4%

Group of answer choices

41.99%

40.83%

44.55%

49.58%

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