Kim works at a sports store and needs to determine the selling price for running shoes. The running shoes have a cost of $$180.$ 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.

Required:

What selling price does the manager want?

Selling price

What selling price has Kim calculated?

Selling price

If there are $36$ running shoes, how much will the store lose in sales if the price is not corrected?

Loss in sales