Civil Service Exam Reviewer · Simple Interest and Profit/Loss · hard
A store's markup is 25% of the SELLING price. What is the equivalent markup as a percent of COST?
- 33.33%
- 25%
- 75%
- 20%
Answer
A. 33.33%
Solution
Let SP = 100: markup = 25, cost = 75. Markup on cost = 25/75 × 100 = 33.33%.
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