A jewelry store has been offered a special price on a line of pearls. These pearls cost $160 per strand and can retail at $360 per strand. What markup will the jeweler obtain?

a. 41 percent
b. 56 percent
c. 140 percent
d. 227 percent

b

Business

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a. true b. false

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When sales for a new element of the line are not entirely incremental and come from an existing element of the line, it is known as cannibalization

Indicate whether the statement is true or false

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