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The infants buyer has planned sales of $3,400,000 and retail reductions $1,632,000 and requires a...

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Accounting

The infants buyer has planned sales of $3,400,000 and retail reductions $1,632,000 and requires a gross margin of $1,075,000. What should the initial mark up percentage be?

Group of answer choices

53.8%

46.2%

62.5%

35.6%

Answer & Explanation Solved by verified expert
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