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Front Range Cabinet Distributors in Colorado Springs, Colorado, sells to its contractors with a 40% markup on cost. If the selling price to the contractors

Front Range Cabinet Distributors in Colorado Springs, Colorado, sells to its contractors with a 40% markup on cost. If the selling price to the contractors is $ 9,729, what is the original cost to Front Range Cabinet Distributors?

Note: Round your answer to the nearest cent.

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