math

An item has a 45% markup based on selling price. What is the equivalent markup percent based on the cost?
A hardware store plans to sell its best-quality floor tiles for $18 each. This is a 38% markup based on selling price.

Find the cost
Find the markup

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  1. If the selling price is 45% profit, then it is 55% cost.

    So, the markup is 44/55 = 80%

    use similar logic on the second part.

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