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    Business
  3. Study Set
    Modern Advanced Accounting
  4. Exam
    Exam 4: Accounting for Branches; Combined Financial Statements
  5. Question
    A Markup of 16 2/3% on Billed Price Is Equal
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A Markup of 16 2/3% on Billed Price Is Equal

Question 7

Question 7

True/False

A markup of 16 2/3% on billed price is equal to a markup of 14 2/7% on cost of merchandise shipped to the branch by the home office.

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