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2 An electric fireplace cost a retailer $658.00 less 165%, 19%, 8%. Markup is 59% of the regular selling price. During the end-of-season sale, the
2 An electric fireplace cost a retailer $658.00 less 165%, 19%, 8%. Markup is 59% of the regular selling price. During the end-of-season sale, the electric fireplace is marked down 17%. (a) What is the end-of-season sale price? (b) What rate of markup based on cost will be realized during the sale? (a) The end-of-season sale price of the electric fireplace is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) (b) The rate of markup based on cost is % (Round the final answer to two decimal places as needed. Round all intermediate values to six decimal places as needed.)
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