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12. A buyer is interested in a group of tweed jackets costing $35 each. If the required markup is 53.6%, what would be the minimum

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12. A buyer is interested in a group of tweed jackets costing $35 each. If the required markup is 53.6%, what would be the minimum retail price for each jacket? If the buyer had previously bought these jackets at $39.75 and retailed them for $79.50, what was this previous markup percentage

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