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OpenStudy (anonymous):
A wholesaler buys plastic lamps for $18 each and sells them for $30.60. What is the percent markup based on cost?
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OpenStudy (anonymous):
\[\frac{1}{18} (30.6\, -18)=0.7=70 \% \]
OpenStudy (anonymous):
or ((30.60 - 18)/18) = 0.7 = 70 %
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