LMoenck03 LMoenck03

06-02-2021
Mathematics

contestada

What is the sticker price?

What is the sticker price class=

Respuesta :

musiclover10045 musiclover10045

06-02-2021

60% gross margin means they increase by the price by 60%

Multiply the purchase price by 1 + the gross margin:

16 x (1 + 0.60) = 16 x 1.60 = 25.60

The sticker price is $25.60

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