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A retailer has net annual sales of $ 3 , 0 0 0 , 0 0 0 . Retail expenses are $ 2 6 0

A retailer has net annual sales of $3,000,000. Retail expenses are $260,000. Net profit is $400,000.. For the retailer in this problem, the retail selling price is $10.00. What are the merchandise costs?

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