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29 October, 20:41

A toaster is marked up to $10 and sells for $45. what is the cost and percent markup?

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  1. 29 October, 21:07
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    initial cost = $45

    markup = $10

    markup + initial = new cost

    10 + 45 = $55

    percent markup = 100 * increase/old

    percent markup = 100 * 10/45

    percent markup = 22.2%
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