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The selling price for a sail boat is $7,000. What is the percent markup based on selling price, if the cost of the sail boat was $5,500? (Round to the nearest whole percent O 21% O 27% O 29% O 43%

The selling price for a sail boat is $7,000. What is the percent markup based on selling price, if the cost of the sail boat was $5,500? (Round to the nearest whole percent O 21% O 27% O 29% O 43%

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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The selling price for a sail boat is $7,000. What is the percent markup based on selling price, if the cost of the sail boat was $5,500? (Round to the nearest whole percent.) O 21% O 27% O 29% O 43%
Transcribed Image Text:The selling price for a sail boat is $7,000. What is the percent markup based on selling price, if the cost of the sail boat was $5,500? (Round to the nearest whole percent.) O 21% O 27% O 29% O 43%
A purchaser just paid $32,152.94 for a pickup truck. If 47% was the seller's markup, based on the selling price, then what was the cost of the pickup truck? (Round to the nearest whole dollar.) O $15,100 O $15,112 O $17,000 O $17,041
Transcribed Image Text:A purchaser just paid $32,152.94 for a pickup truck. If 47% was the seller's markup, based on the selling price, then what was the cost of the pickup truck? (Round to the nearest whole dollar.) O $15,100 O $15,112 O $17,000 O $17,041
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