The technology associated with the manufacturing computers has advanced tremendously. This change has led to the price of a comp
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Percent markup based on the selling price: 28.1%
Explanation:
The cost of the TV for the seller was
Of this, the markup of this price was 39%. Therefore, the value of the markup (in dollars) with respect to the cost for the seller was
So, this was the markup relative to the cost for the seller.
The price paid by the purchaser instead is
Therefore, the percent markup based on the selling price (paid by the purchaser) is:
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