Sheridan Service sells oil at a markup of 40% of the selling price. If Sheridan paid $0.99

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Sheridan Service sells oil at a markup of 40% of the selling price. If Sheridan paid $0.99 per litre of oil,
(a) What is the selling price per litre?
(b) What is the rate of markup based on cost?
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Contemporary Business Mathematics with Canadian Applications

ISBN: 978-0133052312

10th edition

Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs

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