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Sheridan Service sells oil at a markup of 43% of the selling price. Sheridan paid $1.01 per litre of oil. (a) What is the

Sheridan Service sells oil at a markup of 43% of the selling price. Sheridan paid $1.01 per litre of oil. (a) What is the selling price per litre? (b) What is the rate of markup based on cost? (a) The selling price per litre is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

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