Question: v Determine the initial markup percent that will enable the department to achieve a 5.6% profit, using the following figures: Expenses 38.6% Markdowns 6.4% Employee

Determine the initial markup percent that will enable the department to achieve a 5.6% profit, using the following figures: Expenses 38.6% Markdowns 6.4% Employee discounts 1.2% Cash discounts 2.0% Shortages 1.5% 44.72% 46.42% 47.02% 48.32%

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