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    Exam 17: Price Setting in the Business World
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    The Production Cost of an Automobile Component Is $45
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The Production Cost of an Automobile Component Is $45

Question 118

Question 118

Multiple Choice

The production cost of an automobile component is $45. The producer takes a 10 percent markup and sells the product to the wholesaler. What is the wholesaler's cost?


A) $45
B) $5
C) $10
D) $50
E) $60

Correct Answer:

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