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A textbook costs $58 and sells for $70. Find the rate of markup based on the selling price.

A textbook costs $58 and sells for $70. Find the rate of markup based on the selling price.
asked 139k views
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A textbook costs $58 and sells for $70. Find the rate of markup based on the selling price.

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User Shambho
by
7.3k points

1 Answer

3 votes
58r=70

r=35/29

r≈1.2069

So the rate was about 1.21 or if you prefer about 20.7%
answered
User Santiago Benoit
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8.6k points
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A textbook costs $58 and sells for $70. Find the rate of markup based on the selling price.
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