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M

Accounting

M.S.U. Bookstores buys notebooks for $39 per box of 50. Find the selling price per notebook if the retailer maintains a markup of 20percent on the selling price. Round to the nearest cent.

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Selling price of the box= 39* ((100%+ 20%)/100)

= 46.8

 

Selling price per unit= 46.8/ 50

= 0.94

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