The rate of markup on cost on a product selling at $69.16 is 44%. a. What is the cost of the product to the retailer? Round to the nearest cent b. What is the rate of markup on selling price? Round to two decimal places
The rate of markup on cost on a product selling at $69.16 is 44%. a. What is the cost of the product to the retailer? Round to the nearest cent b. What is the rate of markup on selling price? Round to two decimal places
Mathematics For Machine Technology
8th Edition
ISBN:9781337798310
Author:Peterson, John.
Publisher:Peterson, John.
Chapter24: Percent Practical Applications
Section: Chapter Questions
Problem 40A: A manufacturing company receives $122,000 upon the completion of a job. Total expenses for the job...
Question
The rate of markup on cost on a product selling at $69.16 is 44%.
a. What is the cost of the product to the retailer? Round to the nearest cent
b. What is the rate of markup on selling price? Round to two decimal places
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