Question: A merchant buys an item listed at $96 less 33 1/3% from a distributor. Overhead is 32% of cost and profit is 27.5% of cost.

A merchant buys an item listed at $96 less 33 1/3% from a distributor. Overhead is 32% of cost and profit is 27.5% of cost. For how much should the item be retailed?

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