Competition in a line of sporting goods limits the selling


Competition in a line of sporting goods limits the selling price on a certain item to $25. If the store owner feels a margin of 35% is needed to cover expenses and return a reasonable profit, what is the most the owner can pay for this item? [Hint: Remember, if you know the margin percentage, then you know the cost percentage.]

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Financial Management: Competition in a line of sporting goods limits the selling
Reference No:- TGS01410397

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