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Unformatted text preview: if Selling price is greater than (cost + expenses)results in a profit Selling price = Cost + Expenses + Profit S = C + E + P Markup (or margin) M = E + P Selling price = Cost + Markup S = C + M Rate of Markup = Markup X 100% based on Cost Cost Rate of Markup = Markup X 100% based on Selling price Selling price...
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This note was uploaded on 04/04/2012 for the course MATH 1052 taught by Professor Kit during the Winter '12 term at Fanshawe.
- Winter '12