The sportswear buyer purchased 22 blouses at $15.00 each, 16 blouses at $20.00 each, and 28 blouses at $25.00 each. The average markup must be 50%. What should be the retail price for each blouse if all blouses are to be sold at the same price?
Added by Larry C.
Step 1
- For the 22 blouses at $15.00 each: 22 * $15.00 = $330.00 - For the 16 blouses at $20.00 each: 16 * $20.00 = $320.00 - For the 28 blouses at $25.00 each: 28 * $25.00 = $700.00 - Total cost = $330.00 + $320.00 + $700.00 = $1350.00 Show more…
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