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A store purchased 40 notebooks at a price of $1.2 each. It sold 12.5 notebooks at the regular selling price, 15 at a markdown price

A store purchased 40 notebooks at a price of $1.2 each. It sold 12.5 notebooks at the regular selling price, 15 at a markdown price of $2.75, and the remaining at cost.

a.What was the regular selling price of the notebooks if the store maintained a net markup rate of 30% based on total sales?

b.What will be the rate of markup on the regular selling price?

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