uestion 7 [6 points] nter the 3 missing pieces of information from the table below. For full marks you ollar answer(s) should be rounded to the nearest cent and your percent answer nould be accurate to 2 decimal places. For example 34.56% . Cost Markup Selling Price Markup on cost percentage Markup on selling price percentage 0.00 0.00 797.31 0.00% 13.50% Cost Markup Selling Price Markup on cost percentage Markup on selling price percentage 0.00 0.00 797.31 0.00% 13.50% SUBMIT AND MARK

Question

uestion 7 [6 points] nter the 3 missing pieces of information from the table below. For full marks you ollar answer(s) should be rounded to the nearest cent and your percent answer nould be accurate to 2 decimal places. For example 34.56% . Cost Markup Selling Price Markup on cost percentage Markup on selling price percentage 0.00 0.00 797.31 0.00% 13.50% Cost Markup Selling Price Markup on cost percentage Markup on selling price percentage 0.00 0.00 797.31 0.00% 13.50% SUBMIT AND MARK

Answer 1

1.

689.673. 15.61%

Answer 2

1. The Markup was calculated using the formula: Markup = Selling Price × Markup on selling price percentage. 2. The Cost was determined by subtracting the Markup from the Selling Price.3. The Markup on cost percentage was calculated using the formula: Markup on cost percentage = (Markup / Cost) × 100.

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