A company operating a chain of retail provision stores invoices goods to the branches at...
FINANCIAL
JAMB 2002
A company operating a chain of retail provision stores invoices goods to the branches at cost plus a mark-up of 25%. What is the mark-up percentage on selling price?
- A. 35%
- B. 30%
- C. 20%
- D. 15%
Correct Answer: C. 20%
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