Overhead Content in an Article Is 37 1/2% of Total

question 131

Essay

Overhead content in an article is 37 1/2% of total cost. How much is the overhead cost if the total cost is $72?

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Definitions:

Available Balance

The amount of funds in an account that is accessible for withdrawal or use, taking into account any holds or pending transactions.

Initial Cash Balance

The amount of cash a company has at the beginning of a financial period.

Speculative Motive

The intention to hold cash or other assets in anticipation of profit from fluctuations in their prices or exchange rates.