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A chocolate bar sells for $8.50 retail. (Assume the markups listed in page 2 of the case file.) If the Cost of Goods Sold is
A chocolate bar sells for $8.50 retail. (Assume the markups listed in page 2 of the case file.) If the Cost of Goods Sold is $2.00, what profit would Olive & Sinclair make when selling wholesale to stores? What profit would they make when selling direct to consumer? (Assume no labor costs.)
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