Homework Answers
Solution-
Total Reductions = 38.7 % + 2.8%
= 41.5%
Initial markup percentage = [(Gross margin + Total reduction percentage) / (100% + Total reduction percentage)] *100%
= [(46.6%+41.5%) / (100%+41.5%)] * 100%
= 62.26%
Ans :- Therefore , the initial markup percentage is 62.26% .
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Employee discounts
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