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Mediquip is launching a next-generation MRI machine that costs $1.5 million per unit to produce. Mediquip pays its salespeople commission equal to 10% of gross

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Mediquip is launching a next-generation MRI machine that costs $1.5 million per unit to produce. Mediquip pays its salespeople commission equal to 10% of gross margin. If Mediquip would like to earn a 30% contribution margin on each machine, what selling price should it set? What is the resulting gross margin

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