### Calculate the manufacturers percent mark up on cost

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Within a given distribution channel, the following information is available concerning trade margins and costs. A wholesaler has a unit selling price of \$875 and a unit cost of \$493. The retailer requires a 50% mark up on selling price. The manufacturer has unit variable costs of \$313. Calculate the manufacturer's percent mark up on cost. Report your answer as a percentage and round to the nearest percent.

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