1) A buyer needs $56,000 worth of merchandise at retail for the month. He has already purchased 40 suit jackets that cost $240.00 each and will retail for $500.00 each. What markup percent must he obtain on the remaining purchase in order to average a 59% markup for the month?

2) A buyer plans to purchase 300 coats for a November sale. The buyer plans to retail the coats for $150 each and has already ordered 134 of them at $80 each. What is the most the buyer can pay for each remaining coat to obtain the departments average markup goal of 51% (round your answer to two decimal places)?