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Kim works at a sports store and needs to determine the selling price for running shoes. The running shoes have a cost of $40. The

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Kim works at a sports store and needs to determine the selling price for running shoes. The running shoes have a cost of $40. 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 What selling price has Kim calculated? Select one a $100 b. $66.67 C. $61 d. $56

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