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Murry, a Retailer, Marks Up Hardware 28% on the Selling

question 29

True/False

Murry, a retailer, marks up hardware 28% on the selling price. If an electric saw costs $324.00, the selling price would be $414.72.


Definitions:

Supplies

Items used in the operation of a business or part of inventory not yet sold.

Equipment

Tangible property owned by a business used in its operations over an extended period.

Service Company

Business that provides a service.

Law Firm

A business entity formed by one or more lawyers to engage in the practice of law.

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