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8 June, 17:48

If a bookseller buys a paperback book for 4$ and the book is labeled with a selling price of 6.99, how much is the dollar markup?

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  1. 8 June, 18:08
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    Given:

    Selling price = 6.99

    Cost = 4

    The dollar markup is computed by deducting the cost from the selling price.

    6.99 - 4 = 2.99 is the dollar mark-up based on cost.

    2.99/4 = 0.7475 x 100% = 74.75% is the percentage mark-up based on cost.
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