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1. A buyer was shopping for womens blouses and selected a group priced at $195.00...

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Accounting

1. A buyer was shopping for womens blouses and selected a group priced at $195.00 per dozen. Merchandising considerations dictated a markup of 58.5%. Calculate the retail needed (per piece) to capture the markup goal.

2. A buyer plans to purchase a sofa to retail for $899.95. The planned markup is 42%. How much should the buyer plan to spend (i.e. cost price) for the sofa?

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