Markupsperpetual LO 6 1 2 Kim works at a sports store and needs to determine the selling

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Question:

Markupsperpetual LO

612

Kim works at a sports store and needs to determine the selling price for running shoes. The running shoes have a cost of $

80 .

The manager asked Kim to price the running shoes with a

60 %

target gross margin. Kim has priced the running shoes with a

60 %

markup percentage.

Required:

1 .

What selling price does the manager want?

Selling price ASK

2 .

What selling price has Kim calculated? Selling price

3 .

If there are

46

running shoes, how much will the store lose in sales if the price

is not corrected?

Related Book For answer-question

Fundamental Accounting Principles Volume 1

ISBN: 9781259259807

15th Canadian Edition

Authors: Kermit Larson, Tilly Jensen, Heidi Dieckmann

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Posted Date: May 09, 2024 07:05 AM

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Markupsperpetual LO 6 1 2 Kim works at a sports store and needs to determine the selling

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Fundamental Accounting Principles Volume 1

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