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A Wine Merchant Buys a Case of Wine for a Listed

Question 104

Multiple Choice

A wine merchant buys a case of wine for a listed price of $144.00 less 27% from a wine distributor. Overhead is 37% of cost and profit is 51% of cost. For how much should the item be retailed?


A) $159.78
B) $75.80
C) $211.35
D) $197.62
E) none of the above

Correct Answer:

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