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  3. 1.2. a consumer purchases a bicycle from a retaile

1.2. A consumer purchases a bicycle from a retailer for $150. The retailer's markup is...

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1.2. A consumer purchases a bicycle from a retailer for $150. The retailer's markup is 40%, and the wholesaler's markup is 15%, both based on selling price. For what price does the manufacturer sell the product to the wholesaler

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