Neha's warehouse was damaged by fire on 5 November 2003 and most of the stock was destroyed.

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Neha's warehouse was damaged by fire on 5 November 2003 and most of the stock was destroyed. The stock that was salvaged was valued at $12 000. 

Neha has provided the following information to enable the cost of the stock lost to be calculated.

Neha's mark-up on goods sold is 33 1/3%. 


Required 

Calculate the cost of the stock lost in Neha's fire.

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