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The interest rate is such that the supply of money available to lend matches the demand for money to be borrowed.

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15y ago

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What is the price at which a business purchases merchandise is called the?

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Interest, sales tax, and markups all represent additional costs added to a base price. Interest is the cost of borrowing money, while sales tax is a percentage added to the purchase price of goods or services. Markups increase the selling price above the cost price to ensure profit. In essence, they all influence the final amount consumers pay for goods or services.


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