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The price of this cloth is in new york is 120 dollarsyard2

*The price of this cloth is in New York is 120 dollars/yard^2.* 1. If the clothing marker bought 500m^2 of this fabric, how much money did he lose? Use 1 tepiz=0.625 dollar and 0.9144=1 yard (Express your answer in dollars using 2 significant figures)

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