In 2006, the price of king crab was $8 per pound at
the beginning of the year and dropped to $7
per pound toward the end of the year. If 60% of the
king crab supply was sold at the higher price per
pound and the rest was sold at the lower price per
pound, what was the total revenue generated, in
millions of dollars, from the sales of king crab in
2006 ? (Disregard the $ when gridding your answer.)
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