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A retailer incurs fixed costs of £3,000 per month and a variable cost of £12 per item sold. If the retailer sells 400 items in a month, calculate the total cost for that month.

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Financial terms and calculations

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A retailer incurs fixed costs of £3,000 per month and a variable cost of £12 per item sold. If the retailer sells 400 items in a month, calculate the total cost for that month.

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