the commodity is sold for 5.75 in 1978. calculate the selling price in 1980,
that selling prices are directly proportional to the cost of raw material
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Step-by-step explanation:
How to Calculate Selling Price Per Unit
Determine the total cost of all units purchased.
Divide the total cost by the number of units purchased to get the cost price.
Use the selling price formula to calculate the final price: Selling Price = Cost Price + Profit Margin.
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