A Toaster Is Marked Up $10 and Sells for $45

question 27

Short Answer

A toaster is marked up $10 and sells for $45.00. Find the cost and percent markup if the markup is based on cost. (Round to the nearest hundredth percent.)

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Definitions:

Affluent Families

Describes families that possess substantial wealth, allowing for a higher standard of living and access to more resources.

Urban Communities

Populated areas within a city or town that have distinct social, economic, and physical characteristics.

Asian Cultures

Asian cultures refer to the customs, traditions, and social behaviors of the people living in Asia, encompassing a diverse range of beliefs and practices.