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Wilson Sells a Basketball to a Wholesaler for $16, and the Wholesaler

Question 19

Multiple Choice

Wilson sells a basketball to a wholesaler for $16, and the wholesaler applies a 20 percent markup. A retailer then applies a 33.3 percent markup. The final selling price is:


A) $24.53.
B) $30.00.
C) $25.59.
D) $28.00.
E) Cannot be determined from the information given.

Correct Answer:

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