Find the markup and retail price for the following items. If necessary, round to the nearest cent. show work
23. cost: $68.50; markup rate: 38%
24. cost: $1.29; markup rate: 14%
23. Markup = Cost x Markup rate
Markup = $68.50 x 0.38
Markup = $26.03
Retail Price = Cost + Markup
Retail Price = $68.50 + $26.03
Retail Price = $94.53
Markup: $26.03
Retail Price: $94.53
24. Markup = Cost x Markup rate
Markup = $1.29 x 0.14
Markup = $0.18
Retail Price = Cost + Markup
Retail Price = $1.29 + $0.18
Retail Price = $1.47
Markup: $0.18
Retail Price: $1.47