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Suppose that a merchant buys a patio set from the wholesaler for $260. At what price should the merchant mark the patio set so that
Suppose that a merchant buys a patio set from the wholesaler for $260. At what price should the merchant mark the patio set so that it may be offered at a discount of 25% but still give the merchant a 20% profit on his $260 investment?
Select one:
a. $325
b. $416
c. $312
d. $377
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