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What rate of markup based on the cost was realized

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Reference no: EM131830801

A kitchen set cost the dealer $1800 less 37.5%, 18% carries a price tag with a regular selling price at a markup of 120% of cost. For quick sale, the kitchen set was marked down 40%.

a) What was the sale price?

b) What rate of markup based on the cost was realized?

Reference no: EM131830801

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