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Evaluate selling price of the dining room suite

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Reference no: EM131622557

Question: 1. A dining room suite is marked up 45% based on cost. What is the rate of markup based on selling price? Round to the nearest tenth percent.

2. A three-speed fan originally sold for $29.98 and was reduced to sell for $25.40. Find the markdown and the rate of markdown. Round to the nearest tenth percent.

Reference no: EM131622557

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