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The cost to a distributor for a product is $24. The distributor selis the product for $32 to his customers. 1. What is the markup?

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The cost to a distributor for a product is $24. The distributor selis the product for $32 to his customers. 1. What is the markup? Markup =$ 2. What is the markup based on the cost (expressed as a percentage)? Round the answer to two decimal places. Markup based on Cost =

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