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Question 27

Multiple Choice

Solve the problem. Round rates to the nearest tenth of a percent and dollar amounts to the nearest dollar when necessary.
-A store sells an item for $290 each. If this is a 40% markup on cost, find the equivalent markup percent on the selling price.


A) 290%
B) 28.6%
C) 66.7%
D) 47.6%

Correct Answer:

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