Assume that markup is based on selling price. Find the dollar markup and percent of markup on selling price. Note: Round your "Dollar markup" answer to the nearest cent and "Percent markup on selling price" to the nearest tenth percent S Cost Selling price 15 40 $ 52.00 Dollar markup Percent markup on selling price %

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Assume that markup is based on selling price. Find the dollar markup and percent of markup on selling price.
Note: Round your "Dollar markup" answer to the nearest cent and "Percent markup on selling price" to the nearest tenth percent
$
Selling
price
15.40 $ 52.00
Cost
Dollar
markup
Percent markup on
selling price
%
Transcribed Image Text:Assume that markup is based on selling price. Find the dollar markup and percent of markup on selling price. Note: Round your "Dollar markup" answer to the nearest cent and "Percent markup on selling price" to the nearest tenth percent $ Selling price 15.40 $ 52.00 Cost Dollar markup Percent markup on selling price %
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