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11 May, 10:30

Working off an 16% margin, with markups based on cost, the Food Co-op Club boasts that it has 4,100 members and a 155% increase in sales. The markup is 31% based on cost. What would be its percent markup if selling price were the base?

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  1. 11 May, 13:51
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    31% mark up based on cost

    $100 * 1.31 = $131

    Same mark up based on selling price

    $131 - $100 = $31

    Therefore, our percent mark up if selling price were the base; = $31/$131 * 100 = 23.66%
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Home » Business » Working off an 16% margin, with markups based on cost, the Food Co-op Club boasts that it has 4,100 members and a 155% increase in sales. The markup is 31% based on cost. What would be its percent markup if selling price were the base?
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