A company buys in a unit at a cost of £2 per unit.The selling price is £3 per unit.Which of the following statements is correct?
A) Mark up is 67%; Margin is 150%.
B) Mark up is 150%; Margin is 67%
C) Mark-up is 50%; Margin is 33%
D) Mark-up is 33%; Margin is 50%
Correct Answer:
Verified
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