The blank space provided in the statement, “To covert percent markup based on cost to percent markup based on selling price, we divide percent markup based on cost by 100 % the percent markup based on cost”.

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Chapter 8, Problem 9CR

To determine

To fill: The blank space provided in the statement, “To covert percent markup based on cost to percent markup based on selling price, we divide percent markup based on cost by 100% the percent markup based on cost”.

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