what is the inital markup percentage that the buyer needs to achieve on any new purchases?

3. A retailer determined that in order to meet next season's planned sales, the total amount of merchandise required next season was $360,000 at retail, with an initial markup of 52%. At the beginning of the season, the merchandise on hand (opening inventory) came to $80,000 at retail, with a cumulative markup of 49% on those goods. For the coming season, what initial markup percentage does the buyer need to achieve on any new purchases