Determine the amount of markup

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Determine the amount of markup, the amount of overhead, the profit or loss realized on the sale, the rate of markup based on cost, and the rate of markup based on selling price.

Cost = $76.00

Selling = $107.00

Overhead = 49% of selling price

The word Overhead only means Expenses

Put the information above into the equation S = C + E + P

Do not include the $ sign in your answers.

M = Markup = Answer

E = Expenses = Answer

P = Profit or Loss = Answer

Do not include the % sign in your answers.

mc = Markup based on Cost (Correct to 3 decimal places) = Answer

ms = Markup based on Selling (Correct to 3 decimal places) = Answer

Reference no: EM133039009

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