NO: \( \qquad \) DATE: \( \qquad \) B. Solve the following problems. \( \qquad \) 1. A bookstore priced a textbook at \( \$ 650 \) using a markup of \( 40 \% \) of cost. What was the original cost of the book? what percent of selling price is the markup?
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In this case, the selling price is $650 and the markup is 40% of the cost price. Let's denote the cost price as C. According to the problem, the selling price ($650) is equal to the cost price plus the markup (which is 40% of the cost price). We can write this Show more…
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