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Marking up a price means increasing it. Retailers buy products at a 'wholesale' price, and then mark it up by a percentage to make a profit. This percentage can vary greatly, depending on the product. Generally, cheap products like greeting cards have a high markup (sometimes 200% or more!), and...see moreexpensive products, like cars might have a lower mark-up percentage. Give your answers in whole numbers to the nearest dollar, and make sure you use the $ sign to show the unit of measure. see less
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