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What is the sticker price?
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15 votes
What is the sticker price?

What is the sticker price?-example-1
User Amity
by
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1 Answer

5 votes

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

User Shelita
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