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In the provided table, the "Percent Markup Based on Cost" for a drill is missing, while the "Percent Markup Based on Selling Price" is given as 46%.

The relationship between these two percentages can be derived using the following formula:

\[
\text{Percent Markup Based on Cost} = \frac{\text{Percent Markup Based on Selling Price}}{1 - \text{Percent Markup Based on Selling Price}}
\]

Given:
\[
\text{Percent Markup Based on Selling Price} = 46\% = 0.46
\]

Let's calculate the "Percent Markup Based on Cost."

I'll compute this for you.The "Percent Markup Based on Cost" for the drill is approximately **85.19%**.

Would you like more details or have any questions?

Here are five related questions for further exploration:
1. How does the selling price markup differ from the cost markup in retail pricing?
2. If you knew the original cost of the drill, could you calculate its selling price?
3. What is the general impact of markup percentages on profit margins?
4. How would the percentages change if you applied a discount to the selling price?
5. What are other common methods to calculate markup in pricing strategies?

**Tip:** Always ensure to convert percentages into decimal form (e.g., 46% to 0.46) when using them in mathematical formulas.

What is the Percent Markup Based on Cost if the Percent Markup Based on Selling Price is 46% for a drill?

Learn how to calculate the Percent Markup Based on Cost when the Percent Markup Based on Selling Price is 46% for a drill. This example uses basic arithmetic and markup percentage formulas, suitable for students in Grades 9-12.

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