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You are the jewelry buyer for a large mass market chain. For Holiday, you are planning a boxed jewelry Gifts to go promotion for $14.99.

You are the jewelry buyer for a large mass market chain. For Holiday, you are planning a boxed jewelry Gifts to go promotion for $14.99. The markup for the promotion is planned at 39.0%. What is the maximum cost price that the Buyer will pay for the boxed jewelry?

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