If a Wholesaler Takes a 33

question 80

Multiple Choice

If a wholesaler takes a 33.3 percent markup on selling price, what is the approximate markup on cost?

• A) 80%
• B) 50%
• C) 20%
• D) 100%
• E) 33%

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Definitions:

Logic

A systematic method of reasoning that allows an individual to derive valid conclusions from a set of premises or facts.

Intuition

The ability to understand or know something immediately, without the need for conscious reasoning.

Learned Patterns

Behaviors, attitudes, or skills acquired through experience or education rather than being innate.

Consciousness

The state of being awake and aware of one's surroundings, thoughts, and experiences.