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1. Sunny Wonderland sells its books to the wholesalers at $8 each, which sells it to the retailers at the 10% muc. The retailer sells the books to the consumers at 15%musp. What is the retail selling price?
a. $8
b. $8.80
c. $10
d. $10.35
e. $12
2. In 2014, ABC Company had net sales of $500,000 and a gross margin of $ 300,000. The total overhead costs were $ 100,000 and the promotion costs were $80,000. The company sold 100,000 units. What was $BEP of the company in 2014?
a. $20,000
b. $30,000
c. $40,000
d. $50,000
e. $60,000
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