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Answer:

M = $22.62

C = $75.38

Step-by-step explanation:

Selling Price = $98

Markup = 30%

Selling Price = 100 + 30 = 130%

130% = $98

1% = 98/130

Markup

= 98/130 x 30  

= $22.62

Cost Price

= 98/130 x 100

= $75.38