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Understanding the Cost Based Price Model of your #1 Supplied component, Direct Materal (DM) is 25% of Selling Price. The Supplier has incurred a 10%

Understanding the Cost Based Price Model of your #1 Supplied component, Direct Materal (DM) is 25% of Selling Price. The Supplier has incurred a 10% or $1.00 cost increase on the DM and He/She is asking for a comparable 10% increase in Price. What should you counteroffer for increase in Price be?

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