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Calculate percentages to the nearest 0.1%. Loblaws purchases raisins at $85.75 per 25-kg box and then sells them in its bulk foods department for $0.59 per 100 g What are Loblaws' rate of markup on cost and rate of markup on selling price of the raisins? (Round your answers to one decimal place.) Rate on cost Rate on selling price %

Calculate percentages to the nearest 0.1%. Loblaws purchases raisins at $85.75 per 25-kg box and then sells them in its bulk foods department for $0.59 per 100 g What are Loblaws' rate of markup on cost and rate of markup on selling price of the raisins? (Round your answers to one decimal place.) Rate on cost Rate on selling price %

FINANCIAL ACCOUNTING
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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Calculate percentages to the nearest 0.1%. Loblaws purchases raisins at $85.75 per 25-kg box and then sells them in its bulk foods department for $0.59 per 100 g What are Loblaws' rate of markup on cost and rate of markup on selling price of the raisins? (Round your answers to one decimal place.) Rate on cost Rate on selling price %
Transcribed Image Text:Calculate percentages to the nearest 0.1%. Loblaws purchases raisins at $85.75 per 25-kg box and then sells them in its bulk foods department for $0.59 per 100 g What are Loblaws' rate of markup on cost and rate of markup on selling price of the raisins? (Round your answers to one decimal place.) Rate on cost Rate on selling price %
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