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Two hundred books were bought at a cost of $8.50 each. Their original selling price was determined by a markup of 60% based on selling
Two hundred books were bought at a cost of $8.50 each. Their original selling price was determined by a markup of 60% based on selling price. (a) Determine the original selling price: $ type your answer... by 60%. Determine the reduced price. $ type your answer... (b) One hundred and fifty books sold for the full price. The remainder of the books were marked down (c) Determine the effective (average) markup rate based on sales of the entire order. (
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