SOLUTION: Assume that markup is based on cost. Calculate the cost and selling price.
Cost ?
selling price ?
dollar markup $4.70
% markup on cost 102.17%
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Question 400459: Assume that markup is based on cost. Calculate the cost and selling price.
Cost ?
selling price ?
dollar markup $4.70
% markup on cost 102.17%
Answer by rfer(16322) (Show Source): You can put this solution on YOUR website!
4.70/1.0217=4.60 cost
4.70+4.60=9.30 selling price
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