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    Exam 8: Markups and Markdowns: Perishables and Breakeven Analysis
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    Assume Markup Is Based on Cost
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Assume Markup Is Based on Cost

Question 48

Question 48

Short Answer

Assume markup is based on cost. If the cost of a table is $62 and it sells for $110, what is the percent of markup based on cost? Round to the nearest hundredth percent.

Correct Answer:

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110 - 62 =...

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