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If the retail price of an item is $21 and the retail gross profit margin is 33 percent, what is the wholesale cost? $14 $12

If the retail price of an item is $21 and the retail gross profit margin is 33 percent, what is the wholesale cost?

$14

$12

$25

$17

If you purchase $250,000 worth of insurance to protect your restaurant, with a $10,000 deductible, how much money are you entitled to receive as a payout if a tornado destroys your store?

$250,000

$100,000

$240,000

None of the above

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