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
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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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