Solved: What are the gross margin in dollars and the initial markup, Microeconomics

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What are the gross margin in dollars and the initial markup

Problem

Maintained markup is 39 percent, net sales are $52,000, and reductions are $2,500. What are the gross margin in dollars and the initial markup as a percentage? Explain why initial markup is greater than maintained markup.

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: What are the gross margin in dollars and the initial markup

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