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Which of the following is a correct formula when markup is based on selling price?

a Dollar markup X Selling price= Percentage markup

b Dollar markup + Percentage markup = Selling price

c Dollar markup -divide by-Percentage markup = Selling price

d Dollar markup-divide by- Selling price = Percentage markup

Verified Answer :

a.dollar markup × selling price= percentage markup

Answer:

Answer is D, dollar markup ÷ selling price= percentage markup.

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