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An item sells with a markup of 37% on selling price. What is the markup as a percentage on cost? a. An item wholesales for

An item sells with a markup of 37% on selling price. What is the markup as a percentage on cost?

a. An item wholesales for $63 dollars. A retailer wants a 37% margin. What is the retail selling price?

b. An item costs $14 to manufacture. The manufacture seeks a 15% margin, the distributor a 12% margin and the retailer a 35% margin.

What is the retail selling price?

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