1.

For the given cost=$111 and markup=$87, complete the following parts.

a. Find the rate of markup based on cost.

b. Find the selling price.

a. The rate of markup based on cost is ???%.

(Round to the nearest tenth as needed.)

Part 2

b. The selling price is ???

(Simplify your answer.)

2.

A wallet is marked up $28, which is a 80% markup based on cost. What is the cost of the wallet and the selling price of the wallet?

a. The cost is $???

(Simplify your answer. Type an integer or decimal rounded to the nearest hundredth as needed.)

b. The selling price is $???