Question: What should be the initial markup percent in a childrens store having the following planned figures?Round to 2 decimal points. Net sales $280,000 Expenses 70,000

What should be the initial markup percent in a childrens store having the following planned figures?Round to 2 decimal points. Net sales $280,000 Expenses 70,000 Profit 24,000 Shortages 2,200 Alteration costs 8,700 Employee discounts 2,800 Cash discounts 3,200 Markdowns 10,500

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