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TV Land sells home entertainment systems and also offers a complementary installation service. TVLand estimates that it incurs $40 in labor and materials to complete

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TV Land sells home entertainment systems and also offers a complementary installation service. TVLand estimates that it incurs $40 in labor and materials to complete one installation, with an average of 25% prolit based on cost. Using the expected cost plus margin approach, the standalone selling price of the installation service is Multiple Choice $40 $10. $50 $70

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