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Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller
Edition 12ISBN: 978-0132605540Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller
Edition 12ISBN: 978-0132605540 Exercise 120
Find the equivalent markups on either cost or selling price using the appropriate formula. Round to the nearest tenth of a percent. (See Examples.)
Converting Markup on Cost to Markup on Selling Price
Convert a markup of 25, on cost to its equivalent markup on selling price.
SOLUTION
Use the formula for converting markup percent on cost to markup percent on selling price.
Converting Markup on Selling Price to Markup on Cost
Convert a markup of 20% on selling price to its equivalent markup on cost.
SOLUTION
Use the formula for converting markup percent on selling price to markup percent on cost.
A markup of 20% on selling price is equivalent to a markup of 25% on cost.
Converting Markup on Cost to Markup on Selling Price Convert a markup of 25, on cost to its equivalent markup on selling price.
SOLUTION
Use the formula for converting markup percent on cost to markup percent on selling price.
Converting Markup on Selling Price to Markup on Cost
Convert a markup of 20% on selling price to its equivalent markup on cost.
SOLUTION
Use the formula for converting markup percent on selling price to markup percent on cost.
A markup of 20% on selling price is equivalent to a markup of 25% on cost.
Explanation
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To find the percent markup on ...
Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller
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Other Minimum 8 character and maximum 255 character
Character 255
