A Retailer Buys a Particular Product for $4

question 99

Multiple Choice

A retailer buys a particular product for $4. To make a profit, the retailer adds $2 to cover operating expenses and provide a profit. The percentage markup on the $6 selling price is

• A) 50 percent.
• B) 33.33 percent.
• C) 100 percent.
• D) 20 percent.
• E) 25 percent.

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Definitions:

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