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    Fundamental Accounting Principles
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    Exam 5: Accounting for Merchandising Activities
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    MicroAge Sells Cellphones at a Selling Price That Includes a 65
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MicroAge Sells Cellphones at a Selling Price That Includes a 65

Question 113

Question 113

Multiple Choice

MicroAge sells cellphones at a selling price that includes a 65% markup on cost. If a cellphone costs MicroAge $300, its selling price is


A) $495.00
B) $391.50
C) $214.81
D) $461.54
E) None of these answers is correct.

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