Find the Missing Quantities by First Computing the Markup on One

question 66

Multiple Choice

Find the missing quantities by first computing the markup on one base and then computing the markup on the other. Round rates to the nearest tenth of a percent and dollar amounts to the nearest cent.
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• A)Cost = $98.37 Selling price = $177.56 % Markup on selling price = 55.4%
• B)Cost = $63.75 Selling price = $142.94 % Markup on selling price = 55.4%
• C)Cost = $63.75 Selling price = $142.94 % Markup on selling price = 44.6%
• D)Cost = $98.37 Selling price = $177.56 % Markup on selling price = 44.6%

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Definitions:

Expected Deaths

Expected deaths are a statistical measure used in actuarial science and public health to estimate the number of deaths in a population or group within a specific period.

Original Price

The original price is the initial selling price of a product or service before any discounts, promotions, or markdowns are applied.

Royalty Rate

The percentage of revenue paid to a creator, author, or inventor for the right to use their intellectual property or product.

Apple iTunes

A media player, media library, Internet radio broadcaster, mobile device management utility, and the client app for the iTunes Store.