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14 April, 12:38

What is the markup rate if a baseball cap is $24 and a store sells is for $30

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  1. 14 April, 12:39
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    It is 25 percent

    Explanation:

    The difference between selling price and cost is the markup:

    =$30-$24=$6

    In terms of percentage, it is

    = $6*100 / 24 = 25 percent.

    The markup rate is 25%.
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