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A sheet of plywood costs $10. 75. Production is down which causes the price to rise 25%. What is the new price?

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Answer:

The answer should be somewhere around 13.4375

Explanation:

Since the price is 10.75 and it wants you to add 25% or a quarter to it. You can divide 10.75 by 4, which is 2.6875 and add it. You will get 13.4375.

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