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Sock retailer wants to reexamine product profitability. Initial gross margin is $350,000. Socks generate slotting fees (paid by mfr.) of $50,000/yr. Warehouse costs are $10M/yr,

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Sock retailer wants to reexamine product profitability. Initial gross margin is $350,000. Socks generate slotting fees (paid by mfr.) of $50,000/yr. Warehouse costs are $10M/yr, of which socks use 1% of space. Store and distribution costs are $80,000. What is the adjusted gross margin, direct product costs, and DPP

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