[Steps Shown] The manager of a sporting goods store uses cost- plus pricing to determine the profit-maximizing price of bicycles. The cost of a bicycle to the
Question: The manager of a sporting goods store uses cost- plus pricing to determine the profit-maximizing price of bicycles. The cost of a bicycle to the store is $80. The manager estimates that the price elasticity of demand is -3.0. What is the profit-maximizing price?
Deliverable: Word Document 
![[All Steps] Grasscutter Inc. makes a product](/images/solutions/MC-solution-library-48305.jpg "[All Steps] Grasscutter Inc. makes a product used to trim lawns.")
[All Steps] Grasscutter Inc. makes a product used to trim lawns.
(Step-by-Step) (2.64) (-5.61) (2.02) (4.25) where Q is the number
![[All Steps] Based on a consulting economist’s](/images/solutions/MC-solution-library-48307.jpg "[All Steps] Based on a consulting economist’s report, the total")
[All Steps] Based on a consulting economist’s report, the total
(All Steps) Universal Dental Products, Inc. manufactures false
![[Step-by-Step] Southern Airways, a small regional airline,](/images/solutions/MC-solution-library-48309.jpg "[Step-by-Step] Southern Airways, a small regional airline, has")
[Step-by-Step] Southern Airways, a small regional airline, has
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