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True / False: A certain item has a production cost of $ 2 4 . The manufacturer takes a 2 5 percent markup, the wholesaler

True

/

False: A certain item has a production cost of $

24 .

The manufacturer takes a

25

percent markup, the wholesaler takes a

20

percent markup, and the retailer takes a

50

percent markup. Therefore, the item has a retail selling price of $

80 .

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