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A Company Buys in a Unit at a Cost of £2

Question 20

Multiple Choice

A company buys in a unit at a cost of £2 per unit.The selling price is £3 per unit.Which of the following statements is correct?

A) Mark up is 67%; Margin is 150%.
B) Mark up is 150%; Margin is 67%
C) Mark-up is 50%; Margin is 33%
D) Mark-up is 33%; Margin is 50%

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