Question: May 31? [2 Marks] Question 4: A violin store sets the selling price of violins to include expected overhead expense of 18% of the selling

May 31? [2 Marks] Question 4: A violin store sets the selling price of violins to include expected overhead expense of 18% of the selling price and a desired profit of 32% of the selling price. Determine the selling price and the rate of markup on cost for a violin that costs the store $230. [3 Marks]

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