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Contemporary Mathematics for Business and Consumers 7th Edition by Robert Brechner ,George Bergeman
Edition 7ISBN: 978-1285448596Contemporary Mathematics for Business and Consumers 7th Edition by Robert Brechner ,George Bergeman
Edition 7ISBN: 978-1285448596 Exercise 11
Solve the following word problems. Round dollars to the nearest cent and percents to the nearest tenth of a percent.
A purse has a cost of $21.50 and a selling price of $51.99.
a. What is the amount of markup on the purse?
b. What is the percent markup based on cost?
c. What is the corresponding percent markup based on selling price?
A purse has a cost of $21.50 and a selling price of $51.99.
a. What is the amount of markup on the purse?
b. What is the percent markup based on cost?
c. What is the corresponding percent markup based on selling price?
Explanation
Verified
Verified
a. Consider cost for purse is
and sel...
Contemporary Mathematics for Business and Consumers 7th Edition by Robert Brechner ,George Bergeman
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