Find the Markup on a Dozen Roses If a Florist

question 18

Short Answer

Find the markup on a dozen roses if a florist buys them wholesale for $12.45 and sells them for $38.10.
$ __________

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Definitions:

Novation

The creation of a new contract through the substitution of a third party for one of the original parties to a contract by the consent of all.

Third Party

An entity not directly involved in a transaction or legal agreement but who may be affected by it.

Force Majeure

A contractual clause that frees both parties from liability or obligation when an extraordinary event or circumstance beyond their control occurs.

Contract Termination

The legally sanctioned end of a contract's validity, which can occur due to fulfillment, mutual agreement, or breach by one of the parties.