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Information from a run ticket shows that 1,000 net barrels of oil with an API gravity of 36 were sold. The selling price is based

Information from a run ticket shows that 1,000 net barrels of oil with an API gravity of 36 were sold. The selling price is based on a contract price of $86/bbl, adjusted downward 4 for each degree of gravity less than 40. Compute the selling price for the 1,000 barrels.

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