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Council Co have 200 litres of yellow paint in inventory from a previous job. This paint is used regularly by Council Co. The original cost of the paint was $5 per litre. Although identical paint is currently being sold by the same suppliers at $4.99 per litre, local painters were only prepared to pay $580 for the entire inventory. The paint can be used on a new job that Council Co is about to start. What is the relevant cost of the paint (to the nearest $) for the purposes of this new job? Relevant cost is $________ (to the nearest $) |