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Business, 24.03.2020 17:59 jadieb63

Misu Sheet, owner of the Bedspread Shop, knows his customers will pay no more than $110 for a comforter. Misu Sheet wants to advertise the comforter as "percent markup on cost." a. What is the equivalent rate of percent markup on cost compared to the 40% markup on selling price? (Round your answer to the nearest hundredth percent.)

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