Grace wants to sell her custom jewelry at $25 per piece and needs to make a 15 percent profit. Demand-based pricing determines that her costs must not exceed

Question

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To make a 15 percent profit on a $25 sale, Grace's costs must be 85% of $25 (100% - 15% = 85%). $25 * 0.85 = $21.25. However, the correct mathematical calculation should result in $21.25, indicating a mistake in the provided options and explanation. The correct approach is: $25 * 0.85 = $21.25, but given the options, the closest correct choice provided is A) $21.74, acknowledging a discrepancy in the calculation or typo in the options.

Grace Wants to Sell Her Custom Jewelry at $25 Per