What Is the Cost of an Item That Sells for $87.49

question 2

Short Answer

What is the cost of an item that sells for $87.49 if:
a) The rate of mark-up on cost is 30%?
b) The rate of mark-up on selling price is 30%?

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Definitions:

Severity

The degree of intensity or seriousness of a condition, situation, or symptom.

Frequency

The rate at which something occurs or is repeated over a particular period of time or in a given sample.

Duration

The length of time that an event or condition lasts or continues.

Baseline Data

Information collected at the beginning of a study or project that serves as a comparison point for assessing future changes or developments.