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An item costs $20 and sells for $50. a. Find the rate of markup based on cost. b. Find the rate of markup based on selling price.

An item costs $20 and sells for $50. a. Find the rate of markup based on cost. b. Find the rate of markup based on selling price.
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1 vote
An item costs $20 and sells for $50.

a. Find the rate of markup based on cost.

b. Find the rate of markup based on selling price.

asked
User Saleh Feek
by
8.0k points

1 Answer

3 votes

Explanation:

50-20=30 rate of markup

answered
User Sanju Bhatt
by
8.1k points
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