What is the sticker price?

asked Dec 18, 2022 156k views

15 votes

by Amity

3.2k points

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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

Shelita answered Dec 21, 2022

4.2k points

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