Averaging or Balancing Markup Problems 1. The shoe buyer plans to promote flip-flop sandals at $24.99 The buyer needs to purchase 10,000 flip flops for the event. 6,000 flip-flop sandals have been purchased at a cost of $11.50. The planned markup for the event is 59.0%. What will be the average cost of the remaining sandals? #flip- MU % Unit Cost Total Cost Retail price S24.99 Total Retail flops 10,000 59.0% Sale purchase needed 6,000 S11.50 Purchased Balance