The selling price per pound of the grapes if the cost per pound is $ 0.35 , number of pounds is 300 l b , expected spoilage is 12 % and the rate of markup based on cost is 175 % .

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Chapter 9.3, Problem 18SE

To determine

To calculate: The selling price per pound of the grapes if the cost per pound is $0.35, number of pounds is 300lb, expected spoilage is 12% and the rate of markup based on cost is 175%.

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