cost ch7 - Pack/freeze($9 0.5 Total cost Markup(20 Bid...

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........................................................................... 20.00 Pack/freeze ($9 × 0.5). ................................... 4 .50 Total cost. .................................................... $ 40.50 Markup (20%). .............................................. 8 .10 Bid price. ..................................................... $ 48 .60 2. No, the direct method did not produce a winning bid. The direct method fails to consider the
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