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14 November, 18:58

Misu Sheet, owner of the Bedspread Shop, knows his customers will pay no more than $110 for a comforter. Misu Sheet wants to advertise the comforter as "percent markup on cost." a. What is the equivalent rate of percent markup on cost compared to the 40% markup on selling price? (Round your answer to the nearest hundredth percent.)

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  1. 14 November, 19:22
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    150

    Explanation: 110 + 40 percent is 154 and 154 is rounded to 150.
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