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13 May, 13:59

The Kitchen Kompany operates on a 145% markup rate based on the cost. The markup on the store's new line of cabinets is $300 per cabinet. Find the selling price of one cabinet. (Hint: Find the cost first.)

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  1. 13 May, 17:47
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    145%=1.45

    The cost is

    300: (1.45) = 206.9

    The selling price is

    The cost price+markup

    206.9+300=506.9
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