SOLUTION: The cost to a distributor for a product is $41. The distributor sells the product for $93 to his customers. What is the markup rate? Be sure to round your answer to the nearest who
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Question 1170994: The cost to a distributor for a product is $41. The distributor sells the product for $93 to his customers. What is the markup rate? Be sure to round your answer to the nearest whole percent, e.g. 0.435 would be 44%.The rate is the %.
Answer by Theo(13342) (Show Source): You can put this solution on YOUR website!
cost = 41.
sale price = 93.
markup = 93 - 41 = 52.
markup rate = 52/93 = .5591397849 = 55.91397849% = 56%.
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