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Gross invoice(includes freight):$1000 Freight:$100 Date of invoice:8/11 Terms:2/10, 1/15, n/30 Date of payment:8/23 A)Discount: B)Net price: Convert a 40% markup percent on cost to markup

Gross invoice(includes freight):$1000

Freight:$100

Date of invoice:8/11

Terms:2/10, 1/15, n/30

Date of payment:8/23

A)Discount:

B)Net price:

Convert a 40% markup percent on cost to markup percent on sellin price.(Round to thr nearest hundredth)

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