A 600% Markup Based on Cost Is Equivalent to What Percent

question 82

Multiple Choice

A 60.0% markup based on cost is equivalent to what percent based on selling price (retail) ?

• A) 66.7%
• B) 33.3%
• C) 37.5%
• D) 62.5%

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Definitions:

Duty To Rescue

A legal or moral obligation to provide assistance to a person in danger or distress, under certain circumstances.

Pre-existing Duty

A rule in contract law that states if someone is already legally obligated to perform a certain duty, promising to perform that same duty does not constitute a valid consideration for a new contract.

Employer

A person or organization that hires people to work for wages or salary.

Endangerment

The act of putting someone or something at risk or in danger of being harmed or destroyed.