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(1+ markup percent on cost)x cost equals
A)selling price
B) cost at wholesale
C) markup
D) cost at retail
The (1 + markup percent on cost) x cost equals letter A. selling price. That is because, (1 + markup% on cost) = cost x 1 + cost x markup % on cost which is also equal to cost + amount of money that is going to be raised. The other items in the given choices do not necessarily point out to the given formula.
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