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Mr. Small, the store manager for Jay's Appliance, is having a difficult time placing a selling price on a refrigerator that cost $410. Mr. Small knows his boss would like to have a 45% markup based on cost. The selling price should be

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altavistard
A refrig. costing the seller $410 should be priced (retail) 45% higher.

Here's what we do:  Mult. $410 by 1.45.  Result:  $581.45 (selling price)

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