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cost 125 markup 23 75 find the markup rate

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Cost $125 markup $23.75 find the markup rate

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Answer to a math question Cost $125 markup $23.75 find the markup rate

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To find the markup rate, use the following formula:

\text{Markup Rate} = \left( \frac{\text{Markup}}{\text{Cost}} \right) \times 100

Here, the cost is $125 and the markup is $23.75.

Substituting the values into the formula:

\text{Markup Rate} = \left( \frac{23.75}{125} \right) \times 100

Calculate the division:

\frac{23.75}{125} = 0.19

Multiply by 100 to get the percentage:

0.19 \times 100 = 19\%

Therefore, the markup rate is 19%.

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