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18 June, 19:26

A seller buys an item from a manufacturer for 9,500. He increases the cost by 5%. What is the markup value?

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Answers (2)
  1. 18 June, 19:52
    0
    Let the markup value = 5%

    5% = 5/100 = 0.05 as a decimal.

    Therefore 1.05 * 9500 is the markup value.

    The markup value = 9975
  2. 18 June, 19:55
    0
    The markup would be 475!
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