An office supply store adds a $2.50 markup to calculators and sells them for $6.95. (a) What is the cost (in $) of the calculators? $ (b) What is the percent markup based on cost? (Round your answer to the nearest tenth of a percent.) %

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A: For Margin : Margin = (Price - Cost) / Price   For Markup : Markup = (Price - Cost) / Cost

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A: If you have any questions let me know in comment box thankyou for your question.

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