marisawilson1 marisawilson1

07-10-2018
Mathematics

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A toaster is marked up to $10 and sells for $45. what is the cost and percent markup?

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rocket3989 rocket3989

07-10-2018

initial cost = $45

markup = $10

markup + initial = new cost

10 + 45 = $55

percent markup = 100 * increase/old

percent markup = 100 * 10/45

percent markup = 22.2%

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