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Sheridan Service sells oil at a markup of 30% of the selling price. Sheridan paid $1.03 per litre of oil. (a) What is the selling

Sheridan Service sells oil at a markup of 30% of the selling price. Sheridan paid $1.03 per litre of oil.

(a) What is the selling price per litre?

(b) What is the rate of markup based on cost?

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