Tad owns a sporting goods store.  He paid $275 for a tent and later sold the tent for $357.50.  What is the percent markup on cost?

CONCEPTS IN FED.TAX.,2020-W/ACCESS
20th Edition
ISBN:9780357110362
Author:Murphy
Publisher:Murphy
Chapter9: Acquisitions Of Property
Section: Chapter Questions
Problem 37P
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Tad owns a sporting goods store.  He paid $275 for a tent and later sold the tent for $357.50.  What is the percent markup on cost?

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