A 50% Markup on Cost Is Equivalent to a Markup

question 1

Multiple Choice

A 50% markup on cost is equivalent to a markup on price of:

• A) 25%
• B) 33%
• C) 50%
• D) 100%

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Definitions:

Pearson Correlation

A measure of the linear relationship between two variables, ranging from -1 to 1, where 1 means a perfect positive correlation and -1 means a perfect negative correlation.

Correlation Coefficient

A statistical measure that quantifies the degree of relationship or association between two variables.

Relationship

The way in which two or more concepts, objects, or people are connected, or the state of being connected.

Difference

The result of subtracting one quantity from another, often used to compare or measure changes.