Question: A buyer who needs $ 2 3 , 0 0 0 worth of goods at retail for May has a planned markup of 5 9

A buyer who needs $

23, 000

worth of goods at retail for May has a planned markup of

59.5 %

May orders to date total $

4, 500

at cost and $

9, 800

at retail. What markup percentage must now be obtained on the balance of the purchases for May to achieve the planned markup percentage for the month?

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