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Question
Fine Framings, a small framing shop, uses markup pricing to arrive at a final selling price. The firm sells its frames at a price of $25, given a $15 unit cost. Fine Framings' markup on the selling price is ____, and its markup on cost is ____.
a. 66-2/3%, 40%
b. 40%, 66-2/3%
c. 167%, 67%
d. 250%, 100%
Answer
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