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If Jane Westerlund, Owner of a Picture Frame Store, Raises

Question 15

Multiple Choice

If Jane Westerlund, owner of a picture frame store, raises the average price of a framed picture to $80 and the cost of goods sold is $36, what is the percentage markup on cost?


A) 36 percent
B) 55 percent
C) 64 percent
D) 100 percent
E) 182 percent

Correct Answer:

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