Assume that markup is based on selling price. Selling price: $95 Markup percent: 25% Calculate the dollar markup and cost.

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter6: Merchandising Transactions
Section: Chapter Questions
Problem 19Q: The following is select account information for Sunrise Motors. Sales: $256,400; Sales Returns and...
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Calculate the dollar markup and cost

Assume that markup is based on selling
price.
Selling price: $95
Markup percent: 25%
Calculate the dollar markup and cost.
Transcribed Image Text:Assume that markup is based on selling price. Selling price: $95 Markup percent: 25% Calculate the dollar markup and cost.
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