Question: A store sells humidifiers for $67.50 each. The store's operating expenses are 40% on cost and the operating profit is 20% on selling price. a.

A store sells humidifiers for $67.50 each. The store's operating expenses are 40% on cost and the operating profit is 20% on selling price. a. Calculate the cost of a humidifier. b. Calculate the rate of markup on cost.

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