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A retailer purchased its inventories at $100 per unit

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A retailer purchased its inventories at $100 per unit.

The import duties were $7 per unit.

The transportation costs were $1 per unit.

The retailer purchased 100 units and a bulk discount of 1% was given.

The inventories purchased were held in the warehouse and the storage costs were $500 in total.

What is the cost of the inventories purchased?

Option 1

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2.88 USD

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