[Solved] Fine Framings, a Small Framing Shop, Uses Mark-Up Pricing to Arrive

Question 61
Multiple Choice

Fine Framings, a small framing shop, uses mark-up pricing to arrive at a final selling price.The business sells its frames at a price of R25, given a R15 unit cost.Fine Framings' mark-up on the selling price is ____, and its mark-up on cost is ____.

A)66-2/3%, 40%
B)40%, 66-2/3%
C)167%, 67%
D)250%, 100%

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