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    Exam 8: Markups and Markdowns: Perishables and Breakeven Analysis
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    Gap Sells Jeans That Cost $21
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Gap Sells Jeans That Cost $21

Question 16

Question 16

Multiple Choice

Gap sells jeans that cost $21.00 for a selling price of $29.95. The percent of markup based on cost is:


A) 42.62%
B) 46.26%
C) 49.88%
D) 48.9%
E) None of these

Correct Answer:

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