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M Studios Buys Cameras at a Unit Cost of $200

Question 23

Multiple Choice

M Studios buys cameras at a unit cost of $200. Their operating expense is 35% per unit of the selling price, and their desired unit operating profit is 25% of the selling price. What selling price should M Studios advertise for the camera?


A) $320
B) $500
C) $250
D) $270
E) $425

Correct Answer:

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