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This scenario applies to Questions 5 and 6.
A buyer wants to know her markup on a purchase.
She purchased:
- 25 sweaters at $9.00 each and will sell them for $25.00 each
- 45 jeans at $21.00 each and will sell them for $45.00 each
What is the markup percentage for this purchase?
Enter your answer as a percentage, not a decimal (for example, enter 10 not .1)
Hint: Markup Percentage = (Retail Price - Cost of Merchandise)/Retail Price
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