Question: Question 38 John's Hardware, a small retailer in your part of town, would like to determine selling price of a new glue gun. The store's

Question 38 John's Hardware, a small retailer in your part of town, would like to determine selling price of a new glue gun. The store's customary % markup is based on JH's customer's cost. Naturally, JH also know the manufacturer's selling price. Please help the store? Selling Price Cost/(1+% markup) Selling Price - Cost X (1+% markup Selling price - Cost X 11 - % markup) All the other 4 answers are correct. Selling Price = Cost/61-% markup)

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