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18 January, 18:21

Frankie is a buyer for a department store and is buying some handbags at a cost of $30 from a vendor. He desires to have a 60 percent markup to meet the financial goals of this category. What will be the retail price of these handbags?

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  1. 18 January, 18:32
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    Retail price will be equal to $48

    Explanation:

    We have given cost of the handbag = $30

    He desires to have a 60 % markup to meet the financial goals

    So 60 % of 30 = 18

    We have to find the retail price

    retail price will be equal to cost of the handbag plus 18

    So retail price = $30 + $18 = $48

    So retail price will be equal to $48
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