Casey buys and sells used books at his bookstore. He prices all of his used books with a 50% gross profit margin. To do so, he uses the equation: p = 1.5c, where p is price and c is cost. Is this correct? explain.
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Home » Mathematics » Casey buys and sells used books at his bookstore. He prices all of his used books with a 50% gross profit margin. To do so, he uses the equation: p = 1.5c, where p is price and c is cost. Is this correct? explain.