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A distribution channel for the sale of imported Italian leather shoes includes a manufacturer, a distributor and a retailer. The retailer sells the shoes to

A distribution channel for the sale of imported Italian leather shoes includes a manufacturer, a distributor and a retailer. The retailer sells the shoes to his consumers for $129 a pair, earning a margin of 16%. The distributor buys the product directly from the manufacturer for $68. The manufacturer realizes a 62% margin when selling to the distributor.

What is the distributor's dollar margin?

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