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Within a given distribution channel, the following information is available concerning trade margins and costs. A wholesaler has a unit selling price of $783 and

Within a given distribution channel, the following information is available concerning trade margins and costs. A wholesaler has a unit selling price of $783 and a unit cost of $516. The retailer requires a 47% markup on selling price. The manufacturer has unit variable costs of $311. Calculate the manufacturer's percent markup on cost. Report your answer as a percentage and round to the nearest percent.

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