Question
A 25% markup on price is equivalent to a markup on cost of: a) 25% b) 33% c) 50% d) 100%
A 25% markup on price is equivalent to a markup on cost of: a) 25% b) 33% c) 50% d) 100%
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Step: 1
Lets denote the cost as C and the selling price as S The markup on ...Get Instant Access to Expert-Tailored Solutions
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Statistics
Authors: Robert S. Witte, John S. Witte
11th Edition
1119254515, 978-1119254515
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