If a retailer adds a 25-cent markup to a product that costs the retailer $1.00,then according to the text the retailer's markup is 20 percent.

Name: If a retailer adds a 25-cent markup to a product that costs the retailer $1.00,then according to the text the retailer's markup is 20 percent.
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Quizplus · Accepted Answer

Unless otherwise stated,markup (percent)means percentage of selling price that is added to the cost to get the selling price.

If a Retailer Adds a 25-Cent Markup to a Product