Louis's Hat Shop Bought a Hat for $95

question 96

Short Answer

Louis's Hat Shop bought a hat for $95. Louis wants to markup the hat by 55% of the selling price. What should the selling price of the hat be?

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Definitions:

Principle of Justice

A fundamental moral guideline for ensuring fairness and equitable treatment of individuals within society.

Sales Pressure

The stress or tension that arises from attempting to persuade customers to purchase a product or service within certain time limits or under challenging conditions.

Employee Rights

Rights desired by employees regarding their job security and the treatment administered by their employers while on the job, irrespective of whether those rights are currently protected by law or collective bargaining agreements of labor unions.

House Account

A term used in sales and customer service referring to accounts that are directly managed by the company, often requiring special attention or services.