Question: According to a March 3 , 2 0 1 2 , EETimes.come article, Apple enjoyed a 6 0 % gross margin on its iPad 2

According to a March 3,2012, EETimes.come article, Apple enjoyed a 60% gross margin on its iPad 2 when it was first released in march 2011.
(b) In March 2012, the second year of production, the cost of producing an iPad 2 fell to an estimated $320.00. What markup percentage would Apple need to use to maintain its $800 sales price?

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