Question 4 A buyer, who has a departmental markup of 49%, wants $40,000 (retail) worth of men's casual shirts for next season. An order for turtlenecks is placed in the amount of $6,400 at cost and $11,000 at retail. What markup percentage must now be achieved on the balance of the purchases? 51.7% 45% 44% 2 pts 49%

A buyer, who has a departmental markup of 49%, wants $40,000 (retail) worth of men's casual shirts for next season. An order for turtlenecks is placed in the amount of $6,400 at cost and $11,000 at retail. What markup percentage must now be achieved on the balance of the purchases? 51.7% 45% 44% 49%