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Calculate the Dollar Markup and Selling Price

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Calculate the dollar markup and selling price.
 Cost % of Markup  on Cost  Dollar  Markup  Selling Price $1,20030% A  B \begin{array} { | c | c | c | c | } \hline \text { Cost } & \begin{array} { c } \% \text { of Markup } \\\text { on Cost }\end{array} & \begin{array} { c } \text { Dollar } \\\text { Markup }\end{array} & \text { Selling Price } \\\hline \$ 1,200 & 30 \% & \text { A } & \text { B } \\\hline\end{array}

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Definitions:

Regression Line

A line that best fits the data points in a scatter plot, showing the relationship between the independent and dependent variables.

Slope

In statistics, it typically refers to the rate at which one variable changes in relation to another in a linear regression model.

Coefficient Of Determination

A statistical measure represented as a number between 0 and 1 that indicates the proportion of the variance in the dependent variable that is predictable from the independent variable(s).

SSR

The sum of squared residuals, a measure of the discrepancy between the data and an estimation model.

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