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What is the grocer markup based on cost for the product

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Reference no: EM132583544

A grocery store chain receives a 7.5% trade discount from Ejner's Authentic Amish Salsa Company. The store discounts the salsa 3.5% below list price.

Question a. What is the grocer's gross profit margin on this product?

Question b. What is the grocer's markup based on cost for this product?

Reference no: EM132583544

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