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Calculate the Missing Information, Rounding Dollars to the Nearest Cent

Question 7

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Calculate the missing information, rounding dollars to the nearest cent and percents to the nearest tenth percent: Item Raincoat CostMarkup$12.50Amount ofSelling Price$75.00Percent MarkupBased on Cost\begin{array}{c}\begin{array}{lll}\\\underline{\text {Item}}\\\text { Raincoat }\end{array}\begin{array}{lll}\\\underline{\text {Cost}}\\\\\end{array}\begin{array}{lll}\\\underline{\text {Markup}}\\\$12.50\end{array}\begin{array}{lll}\text {Amount of}\\\underline{\text {Selling Price}}\\\$75.00\end{array}\begin{array}{lll}\text {Percent Markup}\\\underline{\text {Based on Cost}}\\\\\end{array}\end{array}

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