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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

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.) The cost is 15.60, the selling price is 23.00, what is the dollar markup and the percent markup on cost

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