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What is the equivalent rate of percent markup

Question:

Misu Sheet wants to advertise the comforter as "percent markup on cost." What is the equivalent rate of percent markup on cost compared to the 30% markup on selling price? Check your answer. Is this a wise marketing decision? Round to the nearest hundredth percent.

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Accounting Basics: What is the equivalent rate of percent markup

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Accounting Basics: What is the equivalent rate of percent markup

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