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    Exam 8: Markups and Markdowns: Perishables and Breakeven Analysis
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    Tri-City Sells a Microwave for $550
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Tri-City Sells a Microwave for $550

Question 82

Question 82

Short Answer

Tri-City sells a microwave for $550. Tri-City marks up the microwave 70% on cost. What are the cost and markup of the microwave?

Correct Answer:

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Cost = $550 / (1 + ....

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