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    Practical Business Math Procedures Study Set 2
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    Exam 8: Markups and Markdowns: Perishables and Breakeven Analysis
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    Pete's Deli Sells Corned Beef at $2
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Pete's Deli Sells Corned Beef at $2

Question 20

Question 20

Short Answer

Pete's Deli sells corned beef at $2.55 per pound. It pays its wholesaler $1.95 per pound. What is the markup rate based on
A)cost and
B)selling price? (Round to nearest tenth percent.)

Correct Answer:

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A. 2.55 - 1.95 = .6;...

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