Answer: 26.47%
Step-by-step explanation:
Given the following :
markup based on cost = 36%
Assume a cost of $50
$50 × 1.36 = $68
Now, markup based on the selling price ;
$68 - $50 = $18
Therefore, ratio of cost price to selling price :
18 / 68 = 26.47%
Answer:
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