If the cost and the percent of markup on cost are known, the selling price can be calculated.
Correct Answer:
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Q23: When calculating a markup on cost,_ is
Q24: The actual cost can be calculated, if
Q25: A markdown is:
A) only based on selling
Q26: Cost is equal to 100% when markup
Q27: If the markup on a product is
Q29: Markup may be expressed as:
A) the difference
Q30: A toaster that originally sold for $31.00
Q31: The amount of markdown divided by the
Q32: An item sells for $48.60 and is
Q33: Which of the following would best represent
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