For problem, determine: a. The amount of markup. b. The amount of operating (overhead) expenses. c. The

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For problem, determine:
a. The amount of markup.
b. The amount of operating (overhead) expenses.
c. The operating profit or loss.
d. The rate of markup on cost.
e. The rate of markup on selling price.

Cost, C ($) Selling price, S ($) Operating expenses, E 55.65 79.50 30% of selling price

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