Multiple Choice
Find the missing quantities by first computing the markup on one base and then computing the markup on the other. Round rates to the nearest tenth of a percent and dollar amounts to the nearest cent.
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A) Markup = $4.96
% Markup on cost = 15.0%
% Markup on selling price = 13.0%
B) Markup = $4.96
% Markup on cost = 15.0%
% Markup on selling price = 87.0%
C) Markup = $9.92
% Markup on cost = 13.0%
% Markup on selling price = 66.9%
D) Markup = $9.92
% Markup on cost = 13.0%
% Markup on selling price = 15.0%
Correct Answer:
Verified
Correct Answer:
Verified
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