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A Dealer Bought Personal Computers for $2250

Question 43

Essay

A dealer bought personal computers for $2250.00 less 41%, 31%. They were sold for $1585.00.
a) What was the markup as a percent of cost?
b) What was the markup as a percent of selling price?

Correct Answer:

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C = 2250(1-0.41)(1-0.31) = $91...

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