Assume that markup is based on selling price. Find the dollar markup and percent of markup on selling price. Note: Round your "Dollar markup" answer to the nearest cent and "Percent markup on selling price" to the nearest tenth percent $ Selling price 15.40 $ 52.00 $ 36.60 Cost Dollar markup Percent markup on selling price %
Assume that markup is based on selling price. Find the dollar markup and percent of markup on selling price. Note: Round your "Dollar markup" answer to the nearest cent and "Percent markup on selling price" to the nearest tenth percent $ Selling price 15.40 $ 52.00 $ 36.60 Cost Dollar markup Percent markup on selling price %
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Assume that markup is based on selling price. Find the dollar markup and percent of markup on selling price.
Note: Round your "Dollar markup" answer to the nearest cent and "Percent markup on selling price" to the nearest tenth percent
$
Selling
price
15.40 $ 52.00 $
Dollar
markup
Cost
36.60
Percent markup on
selling price
%
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