If a product which costs $8 is sold at $10,the mark-up is
A)$2.
B)25%.
C)20%.
D)None of the above

Question

Quizplus · Accepted Answer

The mark-up is calculated by subtracting the cost of the product from the selling price, and then expressing it as a percentage of the cost price. In this case, the mark-up is $10 - $8 = $2. To express this as a percentage of the cost price, we calculate the fraction 2/8, which simplifies to 1/4 or 25%. Therefore, the correct answer is B.

If a Product Which Costs $8 Is Sold at $10,the