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Sullivan's Handbags Marks Up Its Bags at 45% of the Selling

Question 92

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Sullivan's Handbags marks up its bags at 45% of the selling price. Pat Sullivan saw a bag at a trade show that she would sell to her customers for $85.00. What is the most she could pay for the bag and still retain the 45% markup of the selling price?

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C = $85 × ...

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