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Sullivan's Handbags marks up their bags at 45% of the selling price. Pat Sullivan saw a bag at a trade show that would sell for her customers for \$85. What is the most she would pay for the bag and still retain the 45% markup of the selling price?

5. What is the most she can pay for the bag and still retain 45% markup of the selling price? \$46.75
Sells to customer \$85.00 Trader 0.45x100x\$85 = 38.25 \$85.00 -\$38.25 = \$46.75

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