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Asked by Heyhi

Icelandic skis are marked up 75% on cost. What is the equivalent rate of markup based on selling price?
7 years ago

Answers

Answered by Reiny
let the cost price be x
then selling price = 1.75x
profit = .75x

rate based on selling price
= .75x/1.75x = 75/175 = .42847.. or appr 42.8%
7 years ago

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