SOLUTION: A serving tray costs $388 and sells for which$659.60,which is 170% cost. a. Find the rate of markup. The rate of markup is _____%. b. Find the markup. The markup is _____%.

Algebra ->  Customizable Word Problem Solvers  -> Finance -> SOLUTION: A serving tray costs $388 and sells for which$659.60,which is 170% cost. a. Find the rate of markup. The rate of markup is _____%. b. Find the markup. The markup is _____%.      Log On

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Question 828193: A serving tray costs $388 and sells for which$659.60,which is 170% cost.
a. Find the rate of markup. The rate of markup is _____%.
b. Find the markup. The markup is _____%.
Answer by stanbon(75887) About Me  (Show Source):
You can put this solution on YOUR website!
A serving tray costs $388 and sells for which $659.60,which is 170% cost.
a. Find the rate of markup. The rate of markup is 70%.
b. Find the markup. The markup is $271.60.
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Cheers
Stan H.