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Hagen Banse is a landscape contractor. He charges less for labor than other contractors, but he...

Hagen Banse is a landscape contractor. He charges less for labor than other contractors, but he charges his clients the retail price for a plant while he pays only a wholesale price. Hagen charges a client $450 for an olive tree that only costs him $250. What is the markup percent based on cost? __________%

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Answer #1

the markup percent based on cost=Selling price-cost/Cost

=$450-250/250=80%

Cos 4SO -250 250

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