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Mario's Wholesale Pastas Sells Pasta to Restaurants

Question 36

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Mario's Wholesale Pastas sells pasta to restaurants. Mario buys from a company that offers a 40% trade discount. Mario sells to his retail customers at a 25% discount. One type of pasta lists for $17.80 for 20 pounds. What is Mario's profit on this item?

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$2.67; List price is $17.80; Mario pays ...

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