Calculate the missing information. Markup, Selling price,Percent Markup Based on Cost Hat$48.75,$50.00, $ %

Calculate the missing information. Round dollars to the nearest cent and percents to the nearest tenth of a percent.

Item Cost Amount of
Markup		 Selling price Percent Markup
Based on Cost
Hat $48.75 $50.00 $   %
 
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1 Answer

Selling price=48.75+50=$98.75, markup=(98.75/48.75-1)×100%=102.6%.

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