1. A computer table sells for $198.50 and costs $158.70. Find the markup. Find the rate of markup based on the cost. a) b) 2. A flower arrangement is marked up $15, which is 30% of the cost. i) Find the cost. Find the selling price. ii)

1. A computer table sells for $198.50 and costs $158.70. Find the markup. Find the rate of markup based on the cost. a) b) 2. A flower arrangement is marked up $15, which is 30% of the cost. i) Find the cost. Find the selling price. ii)

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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1. A computer table sells for $198.50 and costs $158.70.
Find the markup.
Find the rate of markup based on the cost.
a)
b)
2. A flower arrangement is marked up $15, which is 30% of the cost.
i)
Find the cost.
ii)
Find the selling price.

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