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Assume that markup is based on cost. Find the dollar markup and percent markup on cost for the following. (Round your Dollar markup answer to

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Assume that markup is based on cost. Find the dollar markup and percent markup on cost for the following. (Round your "Dollar markup" answer to the nearest cent and "Percent markup on cost" to the nearest hundredth percent.) Cost Selling price Dollar markup Percent markup on cost % $ 15.60 $ 23.00

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