What is the sale price for the item

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Reference no: EM133910236

Problem

Karl is concerned about his business' profitability and is reviewing the current prices on the listed items. He has listed the items and their costs:

Sandwiches $2.00
Muffins $1.50
Bottled Water $2.00
Coffee $1.00

As an alternative method of pricing, you have decided to suggest to Karl that he work on achieving a set gross profit margin on his Selling Price. We are saying we buy the item for $x and would like the Profit Margin on the Selling Price to be 60% & 75%. Get the instant assignment help. What is the sale price for the item?

Reference no: EM133910236

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