if the company wants to sell a new product that costs 43 wholesale while keeping the same markup structure what will be the price of the new product use the gross margin percentage and round final answer to 0 decimal places e g 25 000 price of t

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Exercise 3-25 (Part Level Submission)

The following is Sandhill Company’s income statement for the past year.

Sales revenue $710,000
Cost of goods sold 426,000
Gross margin 284,000
Operating expenses 100,000
Operating income $184,000

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