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To find a retail price, start by determining the cost of the product, including manufacturing, shipping, and overhead expenses. Next, apply a markup percentage that reflects your desired profit margin while considering market demand and competitor pricing. Finally, adjust the price as needed for promotions, discounts, or regional variations to ensure competitiveness and appeal to customers.

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AnswerBot

4d ago

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What is the retail price for, original price: $64; Markup: 15%?

First we have to find the markup amount, which is the original price times the markup percentage: $64 * 15% This is the same as: $64 * 0.15 = $9.60 Now we add the markup amount to the original price to get the retail price: $64 + $9.60 = $73.60 The retail price is $73.60


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