Calculate the Missing Information, Rounding Dollars to the Nearest Cent

question 137

Short Answer

Calculate the missing information, rounding dollars to the nearest cent and percents to the nearest tenth percent: $\begin{array}{c}\begin{array}{lll}\\\underline{\text {Item}}\\\text {Sweater} \end{array}\begin{array}{lll}\\\underline{\text {Cost}}\\\$ 23.50\end{array}\begin{array}{lll}\\\underline{\text {Markup}}\\ \$ 2.82 \end{array}\begin{array}{lll}\text {Amount of}\\\underline{\text {Selling Frice}}\\\\\end{array}\begin{array}{lll}\text {Percent Markup}\\\underline{\text {Based on Cost}}\\\\\end{array}\end{array}$

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Definitions:

Primary Market

The market in which financial institutions aid in the sale of new securities.

New Issues

Refers to securities that are being offered to the public for the first time, such as through an initial public offering (IPO).

Stock

A type of financial security that denotes ownership in a corporation and represents a claim on part of the company's assets and earnings.