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8 September, 14:34

A purchaser paid $403.10 for a TV that cost the seller $290. If the seller's markup was 39% of the $290 cost, then what would be the percent markup based on the selling price? (Round your answer to the nearest tenth of a percent.)

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  1. 8 September, 14:43
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    28.1%

    Explanation:

    Step 1:

    Given that

    Cost price for the seller = 290$

    Selling price for the seller = 403.1$

    Profit = 403.1$ - 290$ = 113.1$

    Step 2:

    Markup based on Selling price = (Profit/Selling Price) * 100

    -> (113.1/403.1) * 100=28.057%

    This can be rounded of to 28.1% (nearest tenth)
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