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You are the buyer of steel plate for a large steel distributor. You are looking...

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Accounting

You are the buyer of steel plate for a large steel distributor. You are looking for a supplier of steel plate that your salespeople could sell in the marketplace for $625 per metric ton. If your objective is a 30% markup based on selling price, what is the most that you can pay for the steel per ton to still get the desired markup?

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