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Contemporary Mathematics for Busin...

8th Edition
Robert Brechner + 1 other
ISBN: 9781305585447

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Section
BuyFindarrow_forward

Contemporary Mathematics for Busin...

8th Edition
Robert Brechner + 1 other
ISBN: 9781305585447
Textbook Problem

We use the formula for calculating ________ to find the most a retailer can pay for an item and still get the intended markup. (8-7)

To determine

To fill: The blank space provided in the statement, “We use the formula for calculating               to find the most a retailer can pay for an item and still get the intended markup”.

Explanation

As, Selling Price=C(100%%MarkupSP)

To find cost, isolate cost on one side of the equation by multiplying both sides of the above equation by (100%%Markup

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