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Vic's Department Store bought a pewter serving set for $1,250. Vic wants to markup the set at 60% of the selling price. The selling price of the pewter serving set should be:

Answer: $3,125 How to to solve this? Confused?

  • Math - ,

    Let the selling price be $x

    If the markup is 60% based on the selling price, then
    .4x = 1250
    x = 1250/.4 = 3125

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