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QUESTION

A bookstore buys and sells used textbooks.

A bookstore buys and sells used textbooks. For a current sociology text, it has found that if it pays an average price of $34 for each used book, it will be able to buy 24 texts for resale and will have 78 customers who are willing to buy the texts after markup. If it pays $46 per used text, it will be able to buy 60 texts but will only be able to sell 33 of them. What price should it offer for the used texts in order to sell all that it buys?

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