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TVLand sells home entertainment systems and also offers a complementary installation service. TVLand estimates that it incurs ( $ 40 ) in labor and materials

image text in transcribed TVLand 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 profit based on cost. Using the expected cost plus margin approach, the stand-alone stlling price of the installation service is

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