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A distribution channel for the sale of imported Italian leather shoes includes a manufacturer, a...

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Accounting

A distribution channel for the sale of imported Italian leather shoes includes a manufacturer, a distributor and a retailer. The retailer sells the shoes to his consumers for $121 a pair, earning a margin of 24%. The distributor buys the product directly from the manufacturer for $63. The manufacturer realizes a 62% margin when selling to the distributor.

At what price does the distributor sell to the retailer?

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