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Lisa Sells Jumpers at a Gross Profit Margin of 30

Question 1

Multiple Choice

Lisa sells jumpers at a gross profit margin of 30%. Which one of the following statements is true?


A) Jumpers costing £500 will be sold for £800.
B) Jumpers costing £500 will be sold for £700.
C) Jumpers costing £700 will be sold for £1,000.
D) Jumpers costing £600 will be sold for £900.

Correct Answer:

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