A mens furnishings buyer purchases a closeout of 1500

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A men's furnishings buyer purchases a closeout of 1500 velour shirts offered at $9.85 each and 950 knit shirts at $%.80 each. The planned markup on the purchase is 49.5%. If a unit retail of $7.95 is placed on the velour shirts, what is the lowest possible retail price that the knit shirts may be marked, to remain within the markup framework indicated?

Reference no: EM13606141

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