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11-01-2024
Mathematics

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The cost of a product to a retailer is $48. The retailer's desired profit is 20% of the selling price. Find the price at which the product should be sold?

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11-01-2024

Step-by-step explanation:

48 x 1.2 = 49.2

So then the price is 1.2x the cost at retail, fulfilling the retailers desired profit and the cost at retail both.

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