Civil Service Exam Reviewer · Simple Interest and Profit/Loss · hard
A store's markup is 20% of the SELLING price. What is the equivalent markup as a percent of COST?
- 20%
- 80%
- 25%
- 16.67%
Answer
C. 25%
Solution
Let SP = 100: markup = 20, cost = 80. Markup on cost = 20/80 × 100 = 25%.
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