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An electric company purchases hot water heaters at wholesale for $200 each and sells them after marking up the wholesale price 40%. If there
An electric company purchases hot water heaters at wholesale for $200 each and sells them after marking up the wholesale price 40%. If there is also a 4% sales tax, how much would you have to pay the company for one of its hot water heaters? The total cost is $ (Round to the nearest cent.)
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Step1 Calculate the markup amount 1Markup rate40 40100 04 2 Markup amount Wholesale price Markup r...
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Personal Finance Turning Money into Wealth
Authors: Arthur J. Keown
7th edition
978-0133856507, 013385650X, 133856437, 978-0133856439
