A gift shop buys greeting cards at $3.50 each, and sells them at an 80%
markup. At what price does the gift shop sell each greeting card?

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Solution

Dear Student,

$Selling price of greeting card = Cost price + 80 % of cost price = 3.50 + \frac{80}{100} \times 3.50 = 3.50 + 2.80 = & 6.30 ANS . . .$

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