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A Vendor Sells Tool Chests at a Flea Market for $72

Question 220

Multiple Choice

A vendor sells tool chests at a flea market for $72. If she makes a profit of 20% on each unit sold, what does she pay the manufacturer for each tool chest? ( Hint: The retail price = the wholesale price + the markup.)


A) $64
B) $56
C) $60
D) $ 57
E) $63

Correct Answer:

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