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The cost to store is $500. The markup rate is 12% What is the marking amount? $____ What is the selling price? $ ____

The cost to store is $500. The markup rate is 12% What is the marking amount? $____ What is the selling price? $ ____
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3 votes
The cost to store is $500. The markup rate is 12% What is the marking amount? $____ What is the selling price? $ ____

User Bluesummers
by
7.7k points

1 Answer

4 votes
$500 x 0.12 = $60

$500 x 0.88 = $440

What is the marking amount? $60
What is the selling price? $440
User Giuliana
by
8.1k points
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