Sunrise Building Supply obtains 4-ft by 8-ft sheets of wallboard from Canadian Gypsum at $30 per sheet
Question:
Sunrise Building Supply obtains 4-ft by 8-ft sheets of wallboard from Canadian Gypsum at $30 per sheet less 30% and 10%. The price is to be set to cover Sunriseās overhead of 20% of the selling price and to provide an operating profit of 18% of the selling price. What should be the retail price per sheet?
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