The following questions relation to calculation of mark-up.
a. If an article has a net (or cost) price of $25 and the mark-up is 22.5% on net price, what is the marked up price on the article? (Ignore GST on this question). Round to nearest 5c.
b. A product has a net (or cost) price of $85 and is sold for $125. Find the mark-up in whole dollars. Ignore GST.
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