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1. A company purchases a product for $280.50 and sells it at $300. What is the rate of markup on the selling price? 2. A

1. A company purchases a product for $280.50 and sells it at $300. What is the rate of markup on the selling price?

2. A company purchases a product for $280.50 and sells it at $300. What is the rate of markup on cost?

3. A store marks up its product by 35% on cost. If the amount of markup is $126, find the cost and selling price of the product.

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