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Unit operating expenses for an item costing $50 are estimated at 30% of cost, and...

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Accounting

Unit operating expenses for an item costing $50 are estimated at 30% of cost, and the desired operating profit is 10% of cost.a. Determine the selling price. (Do not round intermediate calculations and round your final answer to 2 decimal places.)b. Determine the rate of markup on cost.(Do not round intermediete calculetions and round your final answer to 1 decimal place.)c. Determine the rate of markup on selling price. (Do not round intermediate calculations and round your final answer to 1 decimal place.)Markup on selling price

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