The Computer Service Center sells a DeskJet print cartridge for $37.50. If the print car- tridge costs the store $22.50, find the markup as a percent of selling price. [8.2]

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ISBN:9780470458365
Author:Erwin Kreyszig
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14. The Computer Service Center sells a DeskJet print cartridge for $37.50. If the print car-
tridge costs the store $22.50, find the markup as a percent of selling price. [8.2]
Transcribed Image Text:14. The Computer Service Center sells a DeskJet print cartridge for $37.50. If the print car- tridge costs the store $22.50, find the markup as a percent of selling price. [8.2]
Expert Solution
Step 1

The selling price of an item is the sum of the cost and the markup. Find the markup by subtracting the cost from the selling price.

Let the selling price be S, the cost be C and the markup be M.

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