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Describe one situation that leads to subtracting the rate

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Reference no: EM131622622

Question: 1. If you were a retailer, would you prefer to base your markup on selling price or cost? Why? Give an example to illustrate your preference.

2. When given the rate of markup, describe at least one situation that leads to adding the rate to 100%. Describe at least one situation that leads to subtracting the rate from 100%.

Reference no: EM131622622

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