A markup of 40% on cost is equivalent to what markup on selling price?
A)29%
B)40%
C)60%
D)71%

Name: A markup of 40% on cost is equivalent to what markup on selling price? A)29% B)40% C)60% D)71%
Brand: Quizplus
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Question

Quizplus · Accepted Answer

A markup of 40% on cost means the selling price is 140% of the cost. The markup on selling price is calculated as (Selling Price - Cost) / Selling Price. If the cost is $100, the selling price is $140. The markup on selling price is ($40 / $140) * 100% = 28.57%, which rounds to 29%.

A Markup of 40% on Cost Is Equivalent to What