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11-12-2017
Business

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Your typical markup for merchandise is 40%. Your cost on an item is $8.00 . Calculate the selling price

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25-12-2017

The selling price is $11.20. Here's how it is calculated:
The cost is $8.00
The 40% markup is calculated at $8.00 times 0.4 = $3.20.
So the selling price is the sum of $8.00 and $3.20 = $11.20.

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