Laurels is a retail clothing store that specializes in evening gowns. Its owner, Laurel Gamm, wants to
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Laurel’s is a retail clothing store that specializes in evening gowns. Its owner, Laurel Gamm, wants to capture a 25 percent share of the local market. In order to do so, she estimates that the average selling price of a gown should be no more than $532. Laurel currently requires a 40 percent markup on all of her gowns. If she wishes to maintain that markup percent, what is the average target cost for an evening gown?
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Financial And Managerial Accounting The Basis For Business Decisions
ISBN: 9781264445240
20th Edition
Authors: Jan Williams, Susan Haka, Mark Bettner
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