In this problem, the markup percent is based on cost. Find the missing terms. Enter your...
In this problem, the markup percent is based on cost. Find the missing terms. Enter your answers rounded to the nearest cent.
| Cost | Markup Percent | 100% + Markup Percent | Selling Price |
| $130 | 115% | % | $ |
Homework Answers
>> Given that Markup is on cost.
Missing term is selling price.
>> 100 % + Markup percent = 100 % + 115 % = 215 %.
>> Selling price = $ 130 + $ 130 * 115 % = $ 279.50.
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