math5284 math5284
  • 21-01-2019
  • Mathematics
contestada

Find the rate of markup if a book cost the retailer 17.50 and sells for $24.95. Round the the nearest tenth if needed

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harpazo
harpazo harpazo
  • 21-01-2019

Mark up = profit ÷ cost


Let M = mark up


Let p = profit


Let c = cost


M = p/c


Take it from here.


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