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Ivy purchases phones for $260.50 each and is selling them for $320.00 each. a. What is the rate of markup on cost? % Round to

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Ivy purchases phones for $260.50 each and is selling them for $320.00 each. a. What is the rate of markup on cost? % Round to two decimal places b. What is the rate of markup on selling price? % Round to two decimal places

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