Rhine Company sets price equal to cost plus 40%. Recently, Rhine charged a customer a price of $280 for an item.
What was the cost of the item to Rhine?
a. $580
b. $340
c. $200
d. $185
e. $120
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Home » Business » Rhine Company sets price equal to cost plus 40%. Recently, Rhine charged a customer a price of $280 for an item. What was the cost of the item to Rhine? a. $580 b. $340 c. $200 d. $185 e. $120