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TGP Inc uses a markup of 35% of cost on all merchandise it sells. Overhead expenses are 20% of sales. a) What is the selling
TGP Inc uses a markup of 35% of cost on all merchandise it sells. Overhead expenses are 20% of sales.
a) What is the selling price of inventory that has a unit cost of $15?
b) How much profit is TGP Inc making on this inventory?
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