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It costs Ms. Studebaker 50 cents to produce a single cupcake, and she sells them for $2.49 each. What percent markup is this? 1) 400%

It costs Ms. Studebaker 50 cents to produce a single cupcake, and she sells them for $2.49 each. What percent markup is this? 1) 400% 2) 300% 3) 200% 4) 100% ) 5) 50%

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