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RPM manufactures racks for CDs. Costs are $12.60 per rack. A wholesaler buys CD racks from RPM at $23.10 each, then sells them at $34.00

RPM manufactures racks for CDs. Costs are $12.60 per rack. A wholesaler buys CD racks from RPM at $23.10 each, then sells them at $34.00 to retailers. The retailer sells the racks for $58.20each to consumers.

What is the percentage margin the retailer achieves per rack? CALCULATED VARIABLES: margin=$24.20

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