A home furnishings retailer plans to sell a lamp with a cost of $100 at an original

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A home furnishings retailer plans to sell a lamp with a cost of $100 at an original retail price of $200. The firm expects to sell 200 lamps over the next year. How many units would the retailer have to sell if it reduces the price to $175 but still earns the same profit?

a. 225
b. 250
c. 267
d. 300

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Retail Management A Strategic Approach

ISBN: 9780133796841

13th Edition

Authors: Barry Berman, Joel Evans, Patrali Chatterjee

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