please answer in detail poop Calculate the initial markup using the following figures Net sales Profit Expenses Employee discounts Markdowns Shortages 100% 3.6% 41% 7.2% 4.8% 1.0%
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6% + 41% + 7.2% + 4.8% + 1.0% = 157.6% Show more…
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A retailer determined that in order to meet next season's planned sales, the total amount of merchandise required next season was $360,000 at retail, with an initial markup of 52%. At the beginning of the season, the merchandise on hand (opening inventory) came to $80,000 at retail, with a cumulative markup of 49% on those goods. For the coming season, what initial markup percentage does the buyer need to achieve on any new purchases?
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