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A buyer for sportswear needs $14,000 (retail) worth of merchandise. He has purchased 300 skirts which cost $11 each and will retail for $25 each.

A buyer for sportswear needs $14,000 (retail) worth of merchandise. He has purchased 300 skirts which cost $11 each and will retail for $25 each. What markup percent should the buyer obtain on the balance of purchases in order to average a 47% markup?

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