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Fine Framings,a Small Framing Shop,uses Markup Pricing to Arrive at a Final

Question 29

Multiple Choice

Fine Framings,a small framing shop,uses markup pricing to arrive at a final selling price.The firm sells its frames at a price of $25,given a $15 unit cost.Fine Framings' markup on the selling price is ____,and its markup on cost is ____.


A) 66-2/3%,40%
B) 40%,66-2/3%
C) 167%,67%
D) 250%,100%

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