Miami University Sweater Budget Marketing Discussion

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The sweater buyer has a budget planned for June of $500,000 at retail and requires a 58% markup. The first purchase of sweaters is for 6,000 units with a cost of $11.00 and a retail of $24.00. What markup percentage does the buyer need on the balance to achieve the planned markup percentage?SHOW CALCULATIONS.

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Answerar provided by instructor: MU% needed on future purchase: 59.6%

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