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The Horizons Cycle Shop Bought 3 Motorcycles for $2,100, and Sold

question 109

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The Horizons Cycle Shop bought 3 motorcycles for $2,100, and sold each one for $1,000. The markup percent was:

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Definitions:

Customer Needs

The recognized desires or requirements of consumers that businesses aim to fulfill with their products or services.

Transportation Costs

Expenses incurred in the process of moving goods from one location to another, including fuel, labor, and maintenance of vehicles.

Last Mile Delivery

Last mile delivery is the final step of the delivery process from a distribution center or facility to the end user, often representing the most challenging and costly part of logistics.

Direct Shipping

A method of delivery where goods are transferred from the manufacturer directly to the customer, bypassing any intermediate warehouses or stores.

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