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3. Ch 8. Assume that markup is based on cost. Calculate the cost and selling price. (Round your answers to the nearest cent.) Cost Selling

3. Ch 8.

Assume that markup is based on cost. Calculate the cost and selling price. (Round your answers to the nearest cent.)

Cost	Selling price	Dollar markup	Percent markup on cost
$	$	$4.50	102.27%

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