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# Cost = $48.19; selling price =$58.79. Find the markup and the rate of markup based on the selling p

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8 years ago
Cost = $48.19; selling price =$58.79. Find the markup and the rate of markup based on the selling price.
A) Markup = $10.60 Rate of markup based on selling price = 82.0% B) Markup =$10.60
Rate of markup based on selling price = 18.0%
C) Markup = $21.20 Rate of markup based on selling price = 22.0% D) Markup =$21.20
Rate of markup based on selling price = 51.8%
Textbook  Edition: 10th Authors:
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MillionMillion
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rolpace88 Author
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8 years ago
 Wonderful, thx.
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8 years ago
 A thumbs up would be appreciated Anonymous
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A month ago
 Help! The answer is missing an explanation...
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Educator
A month ago
 Markup = Selling price - CostMarkup = 58.79 - 48.19Markup = \$10.60Use the formula:(Markup / Selling price) * 100% = Rate(10.60 / 58.79) * 100% = 18.03%
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