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Question 5 The percent markup on a tricycle is known to be 24% based on selling price. If the seller paid $24.50 for one, then

Question 5The percent markup on a tricycle is known to be 24% based on selling price. If the seller paid $24.50 for one, then what would be the corresponding percent markup based on the cost? (Round to the nearest tenth percent)

a.29.4%

b.24.7%

c.31.6%

d.76.0%

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