If a store's mark up is 25% the margin must be:
A)5%
B)15%
C)10%
D)20%

Question

Quizplus · Accepted Answer

The margin is calculated based on the selling price, not the cost. If the markup is 25%, it means the cost represents 80% (100% - 25% = 75%, but the question seems to have a mistake in the calculation, assuming a markup on cost, the correct calculation for margin based on selling price would be: if cost is 100, selling price is 125, margin = (125 - 100) / 125 = 25 / 125 = 20%).

If a Store's Mark Up Is 25% the Margin Must