In retailing, the retail price P of an item can be computed using the equation P =

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In retailing, the retail price P of an item can be computed using the equation P = C + M, where C is the wholesale cost of the item and M is the amount of markup.
Slidell Feed and Seed sells a bag of cat food for $12. If the store paid $7 for the cat food, what is the markup on the cat food?
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Prealgebra

ISBN: 978-0321955043

7th edition

Authors: Elayn Martin Gay

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