Merchandising Mathematics for Retailing 5th Edition by Cynthia Easterling ,Ellen Flottman,Marian Jernigan ,Beth Wuest

Exercise 9

During the month, a buyer plans to purchase damask tablecloths that cost $8,000. He has purchased tablecloths that cost $2,000 and will retail for $3,800. What markup percent should the buyer obtain on the balance of his purchases in order to obtain a markup of 60%?