Question: ( 7:59 Back Chapter 5: Homework ... Question 3 Not yet answered Marked out of 1.00 Kim works at a sports store and needs to

needs to determine the selling price for running shoes. The running shoes

( 7:59 Back Chapter 5: Homework ... Question 3 Not yet answered Marked out of 1.00 Kim works at a sports store and needs to determine the selling price for running shoes. The running shoes have a cost of $40. 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. If there are 50 running shoes, how much will the store lose in sales if the price is not correct? Select one: a. $1,800 b. $1,666.50 c. $1,936 d. $2,700 Clear my choice 7:59 Back Chapter 5: Homework ... > Question 1 Not yet answered Marked out of 1.00 Kim works at a sports store and needs to determine the selling price for running shoes. The running shoes have a cost of $40. 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. What selling price does the manager want? Select one: a. $100 b. $66.67 c. $64 d. $56 Clear my choice ( 7:59 Back Chapter 5: Homework ... Question 2 Not yet answered Marked out of 1.00 Kim works at a sports store and needs to determine the selling price for running shoes. The running shoes have a cost of $40. 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. What selling price has Kim calculated? Select one: a. $100 b. $66.67 c. $64 d. $56

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