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Assume that markup is based on selling price. Find the dollar markup and percent of markup on selling price. (Round your Dollar markup answer to

Assume that markup is based on selling price. Find the dollar markup and percent of markup on selling price. (Round your "Dollar markup" answer to the nearest cent and "Percent markup on cost" to the nearest tenth percent.)

Cost	Selling price	Dollar markup	Percent markup on selling price
$16.70	$58.50

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