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Question

# Find the markup and the selling price (to the nearest cent). Cost Markup Rate Markup Selling Price (Nearest Cent) \$63.15 200.00% a. b.

Solution

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Step 1
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Let the cost of the observed product be $\63.15$ while the markup rate is equal to $200. 00\%$ of the cost.

The goal of this exercise is to find the markup and the suggested retail selling price. In order to do so, we first have to find the markup from the cost and then from the obtained markup and known cost we can find the suggested selling price.

How do we get the selling price through the markup and the cost?

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