If the percentage markup on cost is 50 percent,what is the percentage markup on selling price?
A) 140 percent
B) 100 percent
C) 28.5 percent
D) 33.3 percent
E) 50 percent

Question

Quizplus · Accepted Answer

Let's assume the cost of the product is $100.

Markup on cost = 50% of $100 = $50

Selling price = Cost price + Markup on cost = $100 + $50 = $150

Markup on selling price = (Markup on cost/Selling price) × 100%

= (50/150) × 100%

= 33.3%

Therefore, the percentage markup on selling price is 33.3%.

Hence, the correct answer is option D, 33.3 percent.

If the Percentage Markup on Cost Is 50 Percent,what Is