Determine the initial markup percent for a childrens, Financial Accounting

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Determine the initial markup percent for a childrens

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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Financial Accounting: Determine the initial markup percent for a childrens

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Financial Accounting: Determine the initial markup percent for a childrens

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