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    Practical Math Applications
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    Exam 9: Markup and Markdown
  5. Question
    An Item Costs $1,095 and the Selling Price Is $1,292
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An Item Costs $1,095 and the Selling Price Is $1,292

Question 19

Question 19

Essay

An item costs $1,095 and the selling price is $1,292.10. How is the markup rate calculated?

Correct Answer:

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Subtract the cost from the sel...

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