Our class has found a local store that would like to sell our student's totes. We decide that we will sell her the totes for $8 (our sell price which becomes the retailers unit cost). The retailer calculates her sell price (price to consumers) by using Mark Up pricing.  Her Mark Up (%) is 85%.  What will be the retailer's sell price?  Round to the nearest WHOLE number.  Do not enter $.  Do not enter cents.

Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter8: Evolutionary Solver: An Alternative Optimization Procedure
Section8.7: Portfolio Optimization
Problem 13P
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Our class has found a local store that would like to sell our student's totes. We decide that we will sell her the totes for $8 (our sell price which becomes the retailers unit cost). The retailer calculates her sell price (price to consumers) by using Mark Up pricing.  Her Mark Up (%) is 85%.  What will be the retailer's sell price?  Round to the nearest WHOLE number.  Do not enter $.  Do not enter cents.

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9781337406659
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Cengage,