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Dr Leonard Bernstein owner of software solving inc determines that he must mark up the software he sell to clients by 60% of selling price. Leonard's costs for a project with the local bank will total $1200000. What selling price should Leonard put in the contract with the bank

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Cricetus

Answer:

The right solution is "$1,920,000".

Step-by-step explanation:

Given:

Project cost,

= $1200000

Dr. Leonard sells by

= 60%,

The mark up value will be:

= [tex]\frac{1200000\times 60}{100}[/tex]

= [tex]720,000[/tex] ($)

hence,

The selling price he should put with the bank will be:

= [tex]Project \ cost+Mark \ up \ value[/tex]

= [tex]1200000+720000[/tex]

= [tex]1,920,000[/tex] ($)

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