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A luggage buyer plans a European buying trip to purchase $250,000 (cost value) of assorted travel packs. On the first stop in London, orders
A luggage buyer plans a European buying trip to purchase $250,000 (cost value) of assorted travel packs. On the first stop in London, orders are placed for $92,000 (at cost) for an assortment of leather luggage, which will be priced at $180,000 retail. If the average markup is targeted at 52.0%, what markup percentage should be taken on the balance of the European orders?
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