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The correct formula when markup is based on the selling price is selling price is equal to the markup plus the cost. This enables traders make profits.
if it is 6.80 dollars markup, selling price would be 1267.25. if 6.8%, it'd be 1346.16
The selling price would be 17.25 if it cost 15 and the percent of markup is 15.
$4.47
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