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A buyer needs $15,000 worth of merchandise at retail for a special event next month. The first purchase is for $3,000 at cost to be

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A buyer needs $15,000 worth of merchandise at retail for a special event next month. The first purchase is for $3,000 at cost to be retailed at $5,000. At what markup percentage must the buyer purchase the balance of the goods he needs for the event is he is to achieve an average markup of 42%

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