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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
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