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Suppose the estimated sales for Project A is $100,000, and cost is $50,000. Estimation of sales is accurate within 10%, while estimation of cost is
Suppose the estimated sales for Project A is $100,000, and cost is $50,000. Estimation of sales is accurate within 10%, while estimation of cost is accurate within 8%. What is the best case gross profit in this case?
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$65,000
$56,000
$64,000
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