A Markup of 20% on Cost Is Equivalent to What

question 52

Multiple Choice

A markup of 20% on cost is equivalent to what markup on selling price?

• A) 17%
• B) 20%
• C) 80%
• D) 83%

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Definitions:

Wide Mouth

Describes an opening, container, or facial feature that is significantly broader than average, allowing for larger intake or output.

Competitive Advantage

A business strategy that allows a company to produce goods or services better, cheaper, or more uniquely than its competitors.

Darwin's Theory

A scientific theory of biological evolution that postulates that all species of organisms arise and develop through the natural selection of small, inherited variations that increase the individual's ability to compete, survive, and reproduce.

Influential Animal

A term with no precise definition in the established scientific or educational lexicon, potentially referring to an animal that has a significant impact on its environment or on human culture.