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the rate of markup on cost on a chips selling at $65.40 is 47%. a. What is the cost of the product to the retailer?

the rate of markup on cost on a chips selling at $65.40 is 47%.

a. What is the cost of the product to the retailer?

Round to the nearest cent

b. What is the rate of markup on selling price?

%

Round to two decimal places

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