QUESTION 17 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% QUESTION 17 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%