A store pays a supplier $40.00 for a wagon. The store sells the wagon for $70.00. What is the markup rate?​

Question

A store pays a supplier $40.00 for a wagon. The store sells the wagon for $70.00. What is the markup rate?​

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Nguyệt Ánh 2 weeks 2021-07-22T20:39:49+00:00 1 Answers 1 views 0

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    2021-07-22T20:40:54+00:00

    Answer:

    markup 75%

    Step-by-step explanation:

    The difference in prices is $70-$40=$30.

    So, we need to find what percentage of 40 is 30. We do this by dividing: 30/40=0.75, which is 75%. So, the markup is 75%.

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