A Retailer Has Some Toe Rings That Cost Him $2

question 133

Short Answer

A retailer has some toe rings that cost him $2 each. He wants to sell them at a profit of 60% of the cost. What should be the selling price of the toe rings? $__________

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Definitions:

Physical Control

The use of manual or physical means to monitor and regulate processes, systems, or machinery, often to maintain safety, efficiency, or security.

Company Gate

The primary entry point for individuals into a company's physical premises, symbolizing access control and security measures.

VPN

Virtual Private Network, a technology that creates a safe and encrypted connection over a less secure network, such as the internet, allowing secure remote access to network resources.

Risk Transference

A risk management technique where the potential for loss or damage is shifted from one party to another, often through insurance or contracts.