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A Stationery Retailer Generally Prices Portable Computers Using a 30

question 47

Multiple Choice

A stationery retailer generally prices portable computers using a 30 percent markup.The retailer expects to sell 100 portable computers at the 30 percent markup.How many units would it have to sell at a 10 percent increase in price from the original price to maintain the same gross profit?

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Definitions:

Annual Output

The total production or output produced by a company or economy in a one-year period.

Trade

The exchange of goods and services between individuals or entities, often in return for money.

Beneficial

Resulting in a good outcome or advantage.

Government Intervene

Actions taken by a government to influence or directly manage an economy or specific markets, often aiming to correct market failures, redistribute resources, or stabilize the economy.

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