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 $550 each. If this is a 39.8% markup on the selling price, find the equivalent markup percent on cost.
A) 550%
B) 28.5%
C) 66.1%
D) 47.3%
Correct Answer:
Verified
Correct Answer:
Verified
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