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Answer :
Answer:
The markup amount is $14 and the retail price is $49.
Step-by-step explanation:
You can use the following formula to find the retail price with the information provided:
Retail price=Cost*(100%+markup %)
Cost=35
Markup %= 40%
Now, you can replace the values in the formula:
Retail price=35*(140%)
Retail price=49
Now, you can subtract the cost from the retail price to find the markup amount:
49-35=14
According to this, the answer is that the markup amount is $14 and the retail price is $49.
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