A markup of 16 2/3% on billed price is equal to a markup of 14 2/7% on cost of merchandise shipped to the branch by the home office.

Name: A markup of 16 2/3% on billed price is equal to a markup of 14 2/7% on cost of merchandise shipped to the branch by the home office.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

A markup of 16 2/3% on the billed price is not equivalent to a markup of 14 2/7% on the cost because the base for calculating the percentage is different in each case.

A Markup of 16 2/3% on Billed Price Is Equal