What are the percentage markups on the cost that corresponds to the following percentage of markup on selling price (GPM)? 50%
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- Find the percent markup based on selling price, if the percent markup based on the cost is 18%.23.To calculate the selling price when the cost and the percent of markup based on the selling price are known, you would use the following formula. Cost 100% − Percent markup on selling price True or Falseif dollar markup is $5.60 and percent markup is 101.82% on cost, what is cost and selling price?
- Do fast answer of this general accounting questionMarkup is: Group of answer choices Selling price - cost Selling price divided by cost Selling price + cost Selling price × (1 + cost)By conversion of the markup formula, solve the following. Note: Round your answer to the nearest whole percent. Percent markup on cost % Percent markup on selling price 30 %