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Assume you are an online retailer of t-shirts. You purchase the t-shirt from the wholesaler for $10 each and sell it online for $35. The
Assume you are an online retailer of t-shirts. You purchase the t-shirt from the wholesaler for $10 each and sell it online for $35. The shipping fee, which costs $5, is free to your customers. If your target profit is $5 per sale, then
c) what should be your target conversion rate?
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