An item costs $20 and sells for $50. a. Find the rate of markup based on cost. b. Find the rate of markup based on selling price.

Arjun Menon asked May 5, 2022

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An item costs $20 and sells for $50.

a. Find the rate of markup based on cost.

b. Find the rate of markup based on selling price.

Arjun Menon asked May 5, 2022

2.7k points

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22 votes

Explanation:

50-20=30 rate of markup

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