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October 21, 2014

October 21, 2014

Posted by **Anonymous** on Thursday, December 12, 2013 at 4:30pm.

- Math -
**Steve**, Thursday, December 12, 2013 at 5:00pmIf the markup was 45% of the selling price, the cost was 55%, so the markup based on cost was 80%.

So, if the cost was c,

1.8c = 600

c = 333.33

The sale price was 75% of 600, or 450.

So, the markup was 116.66

the sale price of 450 is thus a markup of

50% of cost

26% of selling price

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