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y purchases phones for $280.50 each and is selling them for $330.00 each. a. What is the rate of markup on cost?

Advanced Engineering Mathematics

10th Edition

ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

Chapter2: Second-order Linear Odes

Section: Chapter Questions

Problem 1RQ

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Question

Ivy purchases phones for $280.50 each and is selling them for $330.00 each.

a. What is the rate of markup on cost?

Round to two decimal places.

b. What is the rate of markup on selling price?

Round to two decimal places.

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