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A dining set costs a company $2,300 to manufacture. If it sells for $5,175, what is the percent markup based on cost?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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A dining set costs a company $2,300 to manufacture. If it sells for $5,175, what is the percent markup based on cost?

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