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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

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.

If there are 50 running shoes, how much will the store lose in sales if the price is not correct?

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