Jeffrey imported a product and marked it up by 20%. The amount of markup was $605. a. What was the selling price of the product? Round to the nearest cent b. What was the margin? % Round to two decimal places if necessary
Jeffrey imported a product and marked it up by 20%. The amount of markup was $605. a. What was the selling price of the product? Round to the nearest cent b. What was the margin? % Round to two decimal places if necessary
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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![Question 11 of 15
Jeffrey imported a product and marked it up by 20%. The amount of markup was $605.
a. What was the selling price of the product?
Round to the nearest cent
b. What was the margin?
Round to two decimal places if necessary](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fb1c42ecc-4af5-44bd-94f2-93a2122a523e%2Fc752d739-d26e-4066-b446-169a36a311d7%2Fuoz4bn_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Question 11 of 15
Jeffrey imported a product and marked it up by 20%. The amount of markup was $605.
a. What was the selling price of the product?
Round to the nearest cent
b. What was the margin?
Round to two decimal places if necessary
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