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A Product Costing $350, Less 30%, 20%, and 10%, Sells

Question 92

Multiple Choice

A product costing $350, less 30%, 20%, and 10%, sells to allow for overhead expenses of 30% of the selling price and profit of 20% of the selling price. During a sale, the product is marked down by 40%. What is rate of markup on cost?


A) 50%
B) 75%
C) 100%
D) 30%
E) 20%

Correct Answer:

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