A wholesaler wants to sell an electric mixer to retailers for $45 and earn a markup of 20% on the selling price. What is the most the wholesaler can pay the manufacturer for each item and achieve the desired markup?

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A wholesaler wants to sell an electric mixer to retailers for $45 and earn a markup of 20% on the selling price. What is the most the wholesaler can pay the manufacturer for each item and achieve the desired markup?






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