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Frankie Is a Buyer for a Department Store and Is

question 70

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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% markup to meet the financial goals of this category.What will the retail price be of these handbags?


Definitions:

Biguanides

A class of oral hypoglycemic agents used to treat type 2 diabetes by reducing glucose production in the liver.

Glucose

A colorless or yellow, thick, syrupy liquid obtained by the incomplete hydrolysis of starch; a simple sugar.

Thiazolidinediones

A class of medications used to lower blood sugar levels in the treatment of type 2 diabetes by increasing insulin sensitivity.

Pineal Body

A small endocrine gland attached to the posterior part of the third ventricle of the brain.

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