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If a retailer's gross margin requirement is 42.03% and the wholesale cost to the retailer is $1.73/unit, then what retail price will the retailer set?

  • If a retailer's gross margin requirement is 42.03% and the wholesale cost to the retailer is $1.73/unit, then what retail price will the retailer set? (Answer rounded to two decimal places). Please complete on Excel. 


 

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