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16 November, 15:45

Assume that markup is based on selling price. Calculate the dollar markup and cost. (Round your answer to the nearest cent.) An IBM Scanner selling price is $65 and the markup is 40%. What is the dollar markup and the cost?

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  1. 16 November, 17:49
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    Markup = 65 x. 40 = $26

    Cost = initial price + markup (65 + 26 = 91)
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