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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.

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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.

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Mark up is how much money that the store thinks it can make by selling the product. It is the difference between cost and selling price.

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selling price

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It is based on the sale price.

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420

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