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    Contemporary Business Mathematics Study Set 1
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    Exam 6: Trade Discounts, Cash Discounts, Markup, and Markdown
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    A Data Storage Device That Cost $20
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A Data Storage Device That Cost $20

Question 72

Question 72

Multiple Choice

A data storage device that cost $20.25 was sold for $79.99. Calculate the rate of mark-up based on cost price.


A) 74.68%
B) 25.32%
C) 395.01%
D) 295.01%
E) 75.32%

Correct Answer:

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