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G Word Problem 8-36 (Static) [LU 8-2 (4)] Kathleen Osness purchased a $60,000 recreational vehicle (RV) with a 40 percent mar
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Answer #1
a) Markup = 40 percent on selling price
Selling price = $60000
Mark up = $60000*40%
=$24000
b) Original cost = selling price - mark up
=$60000-24000
=$36000
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