ATS Piaggio P.149 drivers, how´s your cruise speed?

110 KIAS is about 127 mph indicated.

Is the book making an off hand reference to a typical true airspeed at altitude?
 
This might help; you need to consider what exact model you have, and also be somewhat familiar with reading power charts for recips. Also weights are in metric apparently. However, it seems to have a long range cruise at max weight of around 100 KIAS
 

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