A retailer buys items for 55 at an original retail price of, Ask an Expert

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A retailer buys items for $55. At an original retail price of $85 it expects to sell 1,000 units.

A If the price is marked down to $75 how many units must the retailer sell to earn the same total gross profit it would attain with an $85 price?

B If the price is marked up to $90 how many units must the retailer sell to earn the same total gross profit it would attain with an $85 price?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92745282

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