A retailer obtains a product at a unit cost of $21.30 and sells it for $57.90. Determine the rate of markup on cost. Multiple Choice 171.83% 71.83% 36.79% 63.21% 142.56%
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The markup is the difference between the selling price and the cost price. Markup = Selling Price - Cost Price Markup = $57.90 - $21.30 Show more…
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