Solve the problem. Round rates to the nearest tenth of a percent and dollar amounts to the nearest cent.A store sells an item for $240 each. If this is a 56.1% markup on the selling price, find the equivalent markup percent on cost.
A. 240%
B. 35.9%
C. 81.9%
D. 127.8%
Answer: D
Mathematics
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Perform the indicated operation without the use of a calculator and express each answer in decimal notation.
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