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On Friday afternoon, Tina gets a head start and leaves work in her car traveling at 45 mph. Three hours later, Tim leaves work on the same road at 65 mph. Assuming there is no traffic, in how many hours… - Subject: Miscellaneous
- Type: Essay
- Level: Masters
- Pages: 3 (750 words)
- Downloads: 0
- Author: medhurstnina

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The markup is the amount that is added to the original cost to create the selling price (the price the consumer pays) of the groceries. The percent markup is called the markup rate and is usually expressed as a percent of the original price. Taking the original cost and adding the markup calculates the selling price of an item. The formula can be used to help find the selling price. The selling price, S, is equal to the original cost, C, plus the markup rate, r, multiplied by the original cost, C (Aufmann, Vernon, & Lockwood, 2006).

A. A carton of eggs originally costs the store $0.98, but to make money, the store wants to have an 85% markup on the carton of eggs. Use the selling price formula to find the new price of the eggs. Round to the nearest ...Download file to see next pagesRead More

A. A carton of eggs originally costs the store $0.98, but to make money, the store wants to have an 85% markup on the carton of eggs. Use the selling price formula to find the new price of the eggs. Round to the nearest ...Download file to see next pagesRead More

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