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The men's outerwear buyer, who needs a 51% average markup for a Columbus day promotion,...

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Accounting

The men's outerwear buyer, who needs a 51% average markup for a Columbus day promotion, is planning to buy $9,500 worth of merchandise at retail for October. To date, 100 motorcycle jackets costing $23.40 each have been purchased, with a plan to retail them at 48% markup. What markup percentage is needed on the balance of the purchase to attain the average markup percentage?

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