Markup percent is based on selling price. Compute the missing terms.
Selling Price | Markup Percent | 100% - Markup | Cost | |
a. | $2,120 | 35% | % | $ |
b. | 420 | 30% | % | $ |
c. | 72 | 35% | % | $ |
Answer:
Selling price | Markup percent | 100% - Markup | Cost($) | |
a. | 2120 | 35% | 65% | 1378 |
(2120*65%) | ||||
b. | 420 | 30% | 70% | 294 |
(420*70%) | ||||
c. | 72 | 35% | 65% | 46.8 |
(72*35%) |
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