A retailer buys a product from a manufacturer for $25 and sells it for $45. What is

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A retailer buys a product from a manufacturer for $25 and sells it for $45. What is the markup percentage? Explain what the term “markup percentage” means.

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Business

ISBN: 978-0133354263

8th Canadian Edition

Authors: Ricky Griffin, Ronald J.Ebert, Frederick Starke, Melanie Lang, George Dracopoulos

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Question Posted: Dec 11, 2015 04:04 AM

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A retailer buys a product from a manufacturer for $25 and sells it for $45. What is

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Markup based on selling price 20 45 44 Markup based on cost 20 25 80 Markup percentage ba...View the full answer

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