Question 10 Using a markup of 35% of cost, a store priced a book at $8.91. (a) What was the cost of the book? (b) What is the markup as a percent of selling price? (a) The cost of the book was S (Round to the nearest cent as needed.) (b) The markup as a percent of selling price is% (Round to two decimal places as needed) MIDD pc

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Using a markup of 35% of cost, a store priced a book at $8.91.
(a) What was the cost of the book?
(b) What is the markup as a percent of selling price?
(a) The cost of the book was S
(Round to the nearest cent as needed.
(b) The markup as a percent of selling price is %
(Round to two decimal places as needed)
LF &
TH
pc
Transcribed Image Text:Question 10 of 13 > Using a markup of 35% of cost, a store priced a book at $8.91. (a) What was the cost of the book? (b) What is the markup as a percent of selling price? (a) The cost of the book was S (Round to the nearest cent as needed. (b) The markup as a percent of selling price is % (Round to two decimal places as needed) LF & TH pc
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