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What was the cost per shirt to the store

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Question - Ichabod runs a clothing store in London. He recently purchased 1000 dress shirts that had a manufacturer's list price of $35. On each shirt there was a trade discount of 10%, 8% and 6% from the manufacturer. Ichabod's store has operating expenses that are 35% of the selling price and rate of markup is 60% on selling price.

Required - What was the cost per shirt to the store?

Reference no: EM132589470

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