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7 December, 01:33

Wholesale Distributors sells to its contractors with a 42% markup on cost. If the selling price for cabinets is $9,182, what is the cost to contractors based on cost? (Round your answer to the nearest cent.)

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  1. 7 December, 04:03
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    Selling price = cost + 0.42*cost = 1.42*cost

    cost = selling price/1.42

    cost = $9182/1.42 ≈ $6466.20
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