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Business, 18.03.2021 01:30 KaseyT

A company has a selling price of $2,200 each for its printers. Each printer has a 2 year warranty that covers replacement of defective parts. It is estimated that 2% of all printers sold will be returned under the warranty at an average cost of $158 each. During November, the company sold 38,000 printers, and 480 printers were serviced under the warranty. What is the company's warranty expense for the month of November

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