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    Standard price per kilogram of this input

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    Persechino Corporation is developing standards for its products. One product requires an input that is purchased for $82.00 per kilogram from the supplier. By paying cash, the company gets a discount of 2% off this purchase price. Shipping costs from the supplier's warehouse amount to $6.55 per kilogram. Receiving costs are $0.47 per kilogram. The standard price per kilogram of this input should be?

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    Solution Summary

    This solution provides the steps to calculate the standard price per kilogram of this input in the given business math problem.