Essay
A sofa has a wholesale price of $650. A furniture store's markup rate is 40%.
a. What is the markup for this sofa?
b. What is the retail price?
c. If the Smiths buy this sofa including a 7% sales tax, how much will they pay?
Correct Answer:
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a. The markup is $26...View Answer
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Correct Answer:
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View Answer
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