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If a Retailer Can Sell an Item for $6 and Needs

Question 10

Multiple Choice

If a retailer can sell an item for $6 and needs a 40 percent markup on retail to meet profit objectives,that retailer should pay no more than _____ for the item.


A) $2.40
B) $3.60
C) $6.40
D) $8.40
E) $9.60

Correct Answer:

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