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Monica is a manufacturer of handcrafted wooden signs. The variable cost of each wooden sign Monica produces is $ 4 0 . Monica sells her

Monica is a manufacturer of handcrafted wooden signs. The variable cost of each wooden sign Monica produces is $40. Monica sells her wooden signs to a wholesaler at a 50% margin, who then sells the wooden signs to the retailer at an undisclosed markup(%). The retailer then adds a 30% margin and sells the product to the consumer at $160. Based on this information, what is the markup (%) of the wholesaler?

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