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3. what is the cost of an item that sells for...

# Question: what is the cost of an item that sells for...

###### Question details
 What is the cost of an item that sells for $87.49 if:  a. The rate of markup on cost is 30%? (Round your answer to the nearest cent.) Cost$
 b. The rate of markup on selling price is 30%? (Round your answer to the nearest cent.)