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Selling price and profit setting: Illustration: The accountant has calculated the Total cost of Product J with cost card guide, is $1,250. And now the

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Selling price and profit setting: Illustration: The accountant has calculated the Total cost of Product J with cost card guide, is $1,250. And now the accountant has some doubt on figuring the finale selling price on Product J with the following requirement from management: R:Help the accountant to complete the following requirement: a)Calculate the Total Selling price with Profit Margin of 20% b) Calculate the Total Selling price with Profit Mark-up of 20%

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