7 A buver for the exclusive Britique Shop purchased 100 cashmere pullover sweaters at $31 each and priced them at $90 retail. Also planned is a' pur- chase of 72 chunky knit wool sweaters to retail at $120 each. Departmental goal markup is 67.5%. How much can be paid for each chunky knit wool sweater?
7 A buver for the exclusive Britique Shop purchased 100 cashmere pullover sweaters at $31 each and priced them at $90 retail. Also planned is a' pur- chase of 72 chunky knit wool sweaters to retail at $120 each. Departmental goal markup is 67.5%. How much can be paid for each chunky knit wool sweater?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Please help . Show your work and formulas used so I can understand clearly
![7 A buver for the exclusive Britique Shop purchased 100 cashmere pullover
sweaters at $31 each and priced them at $90 retail. Also planned is a' pur-
chase of 72 chunky knit wool sweaters to retail at $120 each. Departmental
goal markup is 67.5%. How much can be paid for each chunky knit wool
sweater?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F38168557-510f-4813-b55f-460351b39dce%2F8cb1a52e-a3e9-4558-9220-bfa529689561%2Fbgzfskg.jpeg&w=3840&q=75)
Transcribed Image Text:7 A buver for the exclusive Britique Shop purchased 100 cashmere pullover
sweaters at $31 each and priced them at $90 retail. Also planned is a' pur-
chase of 72 chunky knit wool sweaters to retail at $120 each. Departmental
goal markup is 67.5%. How much can be paid for each chunky knit wool
sweater?
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