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If an item that costs $60 and is sold for $75 has a gross profit or markup of $15. The Percentage of Sales and Markup
If an item that costs $60 and is sold for $75 has a gross profit or markup of $15. The Percentage of Sales and Markup Percentage of Cost would be:
A. 25% & 15% respectively
b. 25% & 20% respectively
C. 15% &20% respectively
d. 20% & 25% respectively
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