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1. The cost of an item is $22.56, and the retail has been set at $35.00. What is the dollar markup?
2. What is the markup percent based on retail for the preceding?
3. Using the same figures as in problems 1 and 2, what is the markup percent based on cost?
4. The cost of an item is $45.50. What would the retail be at keystone?
Please show formulas
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