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A Product Costing $350, Less 30%, 20%, and 10%, Sells

Question 3

Multiple Choice

A product costing $350, less 30%, 20%, and 10%, sells to allow for overhead expenses of 30% of the selling price and profit of 20% of the selling price. During a sale, the product is marked down by 40%. What is the regular selling price?


A) $264.60
B) $300.00
C) $315.00
D) $352.80
E) $385.00

Correct Answer:

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