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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. If there are 50 running shoes, how much will the store lose in sales if the price is not correct? Select one: O a. $1,666.50 b. $2,700 O c. $1,800 d. $1,936

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