Unit operating expenses for an item costing $94 are estimated at 30% of cost, and...
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Accounting
Unit operating expenses for an item costing $94 are estimated at 30% of cost, and the desired operating profit is 20% of cost. a. Determine the selling price. (Do not round intermediate calculations and round your final answer to 2 decimal places.) Selling price b. Determine the rate of markup on cost. (Do not round intermediate calculations and round your final answer to 1 decimal place.) Markup on cost 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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