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A store purchases ear buds from the manufacturer for $5 each. Calculate the sticker price for the ear buds in order to achieve an 80% gross margin. A. $25.00 B. $6.25 C. $6.67 D. $16.00

A store purchases ear buds from the manufacturer for $5 each. Calculate the sticker price for the ear buds in order to achieve an 80% gross margin. A. $25.00 B. $6.25 C. $6.67 D. $16.00

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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A store purchases ear buds from the manufacturer for $5 each. Calculate the sticker price for the ear buds in order to achieve an 80% gross margin. A. $25.00 B. $6.25 C. $6.67 D. $16.00 - 2022 International Academy of Science. All Rights Reserved.
Transcribed Image Text:A store purchases ear buds from the manufacturer for $5 each. Calculate the sticker price for the ear buds in order to achieve an 80% gross margin. A. $25.00 B. $6.25 C. $6.67 D. $16.00 - 2022 International Academy of Science. All Rights Reserved.
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