A store bought jeans at a cost of $40 a pair. Select all the statements that are true.

A 25% markup on the $40 cost is $10, so the selling price is $40 + $10 = $50; statement B is true. A selling price of $70 means a markup of $70 − $40 = $30, and $30 ÷ $40 = 75%, so statement D is true. A 20% markup gives a selling price of $48, not $60, and a $65 price represents a 62.5% markup, not 50%.

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