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MMLU-Pro / 524 / Maxwell's Gift Shoppe computes its inventory at selling price, which represents…

Problem

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question

Maxwell's Gift Shoppe computes its inventory at selling price, which represents a 37(1/2)%markonover cost. If the value of the inventory as of December 31 was $5954, what was the value of the inventory at cost?

category

business

options

  1. $2,975.50
  2. $7,284.18
  3. $1,623.82
  4. $4,330.18
  5. $8,000
  6. $3,500
  7. $4,800.00
  8. $6,220.25
  9. $5,954
  10. $3,870.12

src

stemez-Business

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