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Hillier Hillier
wrote...
Posts: 550
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6 years ago
A skateboard costing $16.23 was marked up to realize gross profit of 50% of the selling price.
a) What was the selling price?
b) What was the gross profit as a percent of cost?
Textbook 
Contemporary Business Mathematics with Canadian Applications

Contemporary Business Mathematics with Canadian Applications


Edition: 11th
Authors:
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Replies
wrote...
6 years ago
a)    S = 16.23 + 0.5S
   0.5S = 16.23
   S = $32.46
   Selling price was $32.46
b) Rate of Markup based on cost =   = 100%
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