Convert a 36% markup on selling price to the equivalent percent markup on cost.

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter3: Cost-volume-profit Analysis
Section: Chapter Questions
Problem 1EA: Calculate the per-unit contribution margin of a product that has a sale price of $200 if the...
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Convert a 36% markup on selling price to the equivalent percent markup on cost.

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