Assume Bracys, a retail establishment, wants to capture a 30 percent share of the evening gown market.

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Assume Bracy’s, a retail establishment, wants to capture a 30 percent share of the evening gown market. In order to capture that share, it has determined that the average price of an evening gown should be $450.00. Bracy’s requires a 25 percent markup on all clothing lines. What is the target cost for the average evening gown?

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Financial and Managerial Accounting the basis for business decisions

ISBN: 978-0078111044

16th edition

Authors: Jan Williams, Susan Haka, Mark Bettner, Joseph Carcello

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