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Just Desserts buys cheesecakes from General Bakeries at $35.80 per cheesecake. It then cuts each cheesecake into 16 slices and sells them to customers at

Just Desserts buys cheesecakes from General Bakeries at $35.80 per cheesecake. It then cuts each cheesecake into 16 slices and sells them to customers at $6.50 per slice. Calculate the rate of markup on cost and the rate of markup on selling price. (Do not round intermediate calculations and round your final answers to 1 decimal place.)

Markup on cost %
Markup on selling price %

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