Question

I need help figuring out how to get the right percentage.

What would the initial markup percent be for a department having the following plan:
Operating profit 4%
Shortages 2%
Employee discounts 3%
Markdowns 6%
Expenses 34%
Cash discounts 2%

Answer 1

Possible answers 40.4%; 42.3%; 43.4%; 44.1%.