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Hills Equipment and Service purchased $8,456.85 worth of parts in June and a combine for $162,560 in July. Hills markup on the parts is 26
Hills Equipment and Service purchased $8,456.85 worth of parts in June and a combine for $162,560 in July. Hills markup on the parts is 26 percent, and on the combine it is 4 percent.
a. What is their total investment?
b. What is the markup on the parts?
c. What is the markup on the combine?
d. What is the average rate of markup on the total investment?
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