Question: I don't need ai answer general accounting question Summit Retail sets its price equal to cost plus 73%. Recently, Summit Retail charged a customer a

I don't need ai answer general accounting question

Summit Retail sets its price equal to cost plus 73%. Recently, Summit Retail charged a customer a price of $70 for an item. What was the cost of the item to Summit Retail? a. $35 b. $40 c. $45 d. 350

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