Plums in order to make the minimum gross margin

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Your supermarket needs to mark up most grocery items enough to cover an avergae expense total of 20.5% and also enough to generate at least 2% profit . a new brand of canned plums is arriving today which cost you $18.40 per case (24, 13.6 ounce cans per case ). what will you price one can of these plums in order to make the minimum gross margin?

Reference no: EM131292690

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