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What are the dollar markup and percent markup on cost

Response to the following problem:

Sam Slater bought an old Walter Lantz Woody Woodpecker oil painting for $12,000. He plans to resell it on eBay for $15,000. What are the dollar markup and percent markup on cost? Check the cost figure.

Provide step by step calculations.

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Cost Accounting: What are the dollar markup and percent markup on cost

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Cost Accounting: What are the dollar markup and percent markup on cost

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