Question: Chapter 5 - Graded homework A Saved Help Save & Exit Submit 9 Kim works at a sports store and needs to determine the selling

Chapter 5 - Graded homework A Saved Help Save & Exit

Chapter 5 - Graded homework A Saved Help Save & Exit Submit 9 Kim works at a sports store and needs to determine the selling price for running shoes. The running shoes have a cost of $50. 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? 5 points Selling price Skipped Print References 2. What selling price has Kim calculated? Selling price 3. If there are 49 running shoes, how much will the store lose in sales if the price is not corrected? Loss in sales

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