If a wholesaler takes a 50 percent markup on its cost, this is equal to a ______________ markup on selling price.
A) 33 1/3%
B) 200%
C) 100%
D) 20%
E) 50%

Name: If a wholesaler takes a 50 percent markup on its cost, this is equal to a ______________ markup on selling price. A) 33 1/3% B) 200% C) 100% D) 20% E) 50%
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Question

Quizplus · Accepted Answer

If the cost is $100, a 50% markup on cost means the selling price is $150. The markup on selling price is ($50/$150) * 100% = 33 1/3%.

If a Wholesaler Takes a 50 Percent Markup on Its