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Q: In a factory, the sales center decided not only to get rid of old stock but also to get variable costs in the process. In this case, he sold each set at a less price of `399. If the fixed cost is 24% of the total cost, then what was the less cost price of each set?
  • A. ` 520
  • B. ` 540
  • C. ` 525
  • D. ` 550
Correct Answer: Option C -
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Explanations:

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