A bicycle store imports merchandise from Europe. The store owner knows she can sell a certain multigear mountain bicycle for $600. The markup she wants is 55% of the selling price. How much can she pay for the bicycle?

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1. A bicycle store imports merchandise from Europe. The store owner knows she can sell a certain multigear mountain bicycle for $600. The markup she wants is 55% of the selling price. How much can she pay for the bicycle?