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27. A buyer will purchase handbags at a cost of $37.75 and the planned MU% for...

27. A buyer will purchase handbags at a cost of $37.75 and the planned MU% for the department is 62.0%. What is the minimum retail price for each handbag? What possible retail price for each handbag might be used if you were the buyer of a department for? An off-price retailer?

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