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ehidna [41]
3 years ago
14

Need help with questions 23 & 25

Mathematics
1 answer:
BaLLatris [955]3 years ago
6 0

23. You are expected to be familiar with the relationship

... cost + markup = selling price

a) cost + $23.99 = $119.95

... cost = $119.95 -23.99 = $95.96

b) The markup as a fraction of cost is

... markup/cost = $23.99/$95.96 = 0.25 = 25%

c) cost + markup = selling price . . . . the equation we started with

... cost/cost + markup/cost = (selling price)/cost . . . . divide by cost

... 100% + 25% = (selling price)/cost = 125%

25.

a) See part c) of problem 23. Selling price is 126% of cost.

b) Selling price = $450 × 1.26 = $567

c) Markup = $450 × 0.26 = $117

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