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Pacer has been selling one model of bicycle for $200. Its cost for this model is $150. a. What is it's gross profit percentage? b.

Pacer has been selling one model of bicycle for $200. Its cost for this model is $150.

a. What is it's gross profit percentage?

b. Pacer is planning to introduce a lower priced model. It's cost for this bike is $120. What price must it charge in order to achieve a 20% profit margin on this model?

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