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Question 60

Multiple Choice

Solve the problem. Round rates to the nearest tenth of a percent and dollar amounts to the nearest cent.
-James Page works in a local music store where he sells guitars for $130.62 each. If he maintains a markup of 51.1% on selling price, what is the cost of a guitar to James?


A) $197.37
B) $63.87
C) $66.75
D) $194.49

Correct Answer:

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