DIRECTIONS: On a separate sheet of paper, copy and complete the table below. The first row is done for you. Round off your answer to the nearest hundredths
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Answer:
1. 17
2. 22.67%
3. -50
4. -10.75%
5. -35
6. -3.55%
7. 800
8. 14.04%
9. -850
10. -1.87%
Step-by-step explanation:
Simply take the sales price minus the unit cost, and divide that number by the unit cost. Then, multiply by 100 to determine the markup percentage.
Selling price – Cost = Mark up/ Markdown
Mark up/ Markdown ÷ Cost × 100 = Rate Based on Cost