What is the percentage profit margin

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Reference no: EM133674890

Questions

1. If the cost of an item is $40 and it sells for $70 what is the percentage profit margin? What is the mark-up rate on cost?

2. The cost of a new computer purchased was $2,200 GST inclusive. What is the amount of GST included in the purchase, and what is the GST exclusive price?

3. What is the GST payable on the purchase of motor vehicle for $55,000 including GST?

Reference no: EM133674890

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