The Bow Shop caters to the archery enthusiasts.It has estimated net sales of $45,300.The maintained markup used by the store is 60 percent of net sales.Reductions are estimated to be 12 percent of net sales.Calculate the store's initial markup.
A) 32.66 percent
B) 52 percent
C) 60 percent
D) 64.29 percent
E) 72 percent
Correct Answer:
Verified
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