Noble,Inc.purchases each unit of product X for $100 and can sell it in the market for $135.The price of the product for Noble would be $100.

Question

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If Noble purchases each unit of product X for $100 and sells it for $135, the price of the product for Noble would be $135. The cost of the product is $100, but the price at which it is sold is $135, resulting in a profit margin of $35 per unit.

Noble,IncPurchases Each Unit of Product X for $100 and Can