FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Buzz Machinery, a wholesaler, buys hedge trimmers from a manufacturer for $376.24 each and sells them at a price to earn a 23% margin on selling price. Calculate Buzz Machinery's selling price for one hedge trimmer. (Rounding: penny.)
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Sale price = Cost price / ( 1 - Margin value )
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