a good purchased for 480 sells for 700 if the


A good purchased for $480 sells for $700. If the store's operating expenses are 30% of cost, what is the percentage markup on cost?

A. 1.5%

B. 10.57%

C. 15.83%

D. 45.83%

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Accounting Basics: a good purchased for 480 sells for 700 if the
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