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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- 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 FalseFind the dollar markup and percent markup ?Assume that markup is based on cost. Find the dollar markup and percent markup on cost for the following. 1. Cost: $23.75 2. Selling Price: $29.50. Accounting