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If a Wholesaler's Markup on Selling Price Is 50 Percent

Question 96

Multiple Choice

If a wholesaler's markup on selling price is 50 percent, what is the markup on cost?


A) 33 1/3%
B) 66 2/3%
C) 50%
D) 100%
E) Cannot be determined without knowing the dollar amount of the markup.

Correct Answer:

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