Rhine Company sets price equal to cost plus 40%. Recently, Rhine charged a customer a price of

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Rhine Company sets price equal to cost plus 40%. Recently, Rhine charged a customer a price of $280 for an item. What was the cost of the item to Rhine?

a. $120

b. $200

c. $340

d. $185

e. $580

Posted Date: Sep 19, 2021 03:29 PM

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Rhine Company sets price equal to cost plus 40%. Recently, Rhine charged a customer a price of

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profit 40 of cost now cost p... View the full answer

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