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    Exam 9: Markup and Markdown
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    A Sofa Sells for $849
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A Sofa Sells for $849

Question 12

Question 12

Multiple Choice

A sofa sells for $849. The cost of the sofa is $428. What is the markup rate of the sofa?


A) 30%
B) 48%
C) 50%
D) 98%

Correct Answer:

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