Grasshopper Games purchases video game consoles at a price of 200 each. They then sell the consoles for 325 each. The amount of the markup was 125. The percent markup was 41.67
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Q. 2The city or county official designated to determine assessed values of property is known as the tax assessor.
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Q. 3The selling price for a new Superbike brand bicycle is 325. If a 50 markup was used, what was the cost to the retailer? The solution for the above problem is 162.50
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Q. 4The value of property based on location, size, cost, replacement value, condition, and income derived from its use is called fair market value.
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Q. 5The Jersey Store purchases sports jerseys at a cost of 11.00 per jersey. They sell the jerseys for 18.00 each. The rate of the markup is around 64.
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Q. 6The value of property for tax purposes, usually a percentage of the fair market value is known as the appraised value.
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