# Need math help: What is the markup n cost and the markup rate on selling price?

Anonymous

Question description

Cook-n-Serve carries oven mitts that have a selling price of \$13.80 a pair. Cook-n-Serve buys the mitts from a wholesaler and receives a 40% trade discount. What is the markup rate on cost and the markup rate on selling price?

67%; 40%

100%; 45%

33%; 60%

167%; 145%

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