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Compare Home Depot's Markup Percent to Lowe's Markup Percent. On average, for each dollar Home Depot spent on the cost of products and services it

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Compare Home Depot's Markup Percent to Lowe's Markup Percent. On average, for each dollar Home Depot spent on the cost of products and services it sold in the year ended 1(28f2018, how many cents did Home Depot add on to establish its selling price? (In other words, for each dollar in cost, how much did it mark up its products and services?) Assume for a minute that Home Depot uses the same markup percent for each of its products. If Home Depot purchased a product, say a ladder, for $100, how much would Home Depot charge its customers for the ladder? (How much would the selling price be?) How much would Lowe's charge its customers for a ladder that cost $100 to purchase? Based on your answers above, in the most recent fiscal year, which company marked up its products the most? Home Depot's Markup Percent for the year ended 19812018: % Lowe's Markup Percent for the year ended 2f2r'2018: % cents $ $ Home Depot Lowe's Both companies marked up their products the same percentage

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