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Assume an item has an invoice cost of $15 and a selling price of $20...

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Question

Accounting

Assume an item has an invoice cost of $15 and a

selling price of $20 Compute the markup both as a

percentage on selling price and percentage on cost.

5. Assume an item costs $2.00. If the firm wants a

markup of 40% based on the selling price, find the

price.

PLEASE SHOW ALL WORK

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