Problem

The February 3, 2007 issue of Billboard reported on hefty markups by leading music merchan...

The February 3, 2007 issue of Billboard reported on hefty markups by leading music merchants. Canadian Indies say they generally sell all products to independent distributors at between $8.00 and $9.50 per unit, which is then supplied to retailers at between $13.50 and $14.50. (a) What is the percent markup on cost for the lower price? (b) What is the percent markup on cost for the higher price? Round to the nearest hundredth percent.

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Solutions For Problems in Chapter 8