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Compute the markup both as a percentage on selling price

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Question 1 - Assume an item has an invoice cost of $15 and a selling price of $20 Compute the markup both as a percentage on selling price and percentage on cost.

Question 2 - Assume an item costs $2.00. If the firm wants a markup of 40% based on the selling price, find the price.

Reference no: EM132483627

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