A shoe store purchases a new model of walking shoes at $60 per pair. The store's operating

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A shoe store purchases a new model of walking shoes at $60 per pair. The store's operating expenses are 10% on cost and the rate of markup on cost is 40%.

a. b.

c. What is the selling price per pair of shoes? What is the rate of markup on selling price? What is the amount of operating profit on each pair of shoes?

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Mathematics Of Business And Finance

ISBN: 9781927737545

4th Edition

Authors: Larry Daisley, Thambyrajah Kugathasan, Diane Huysmans

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