Question 13

A business marked up its cost by 50%. This would mean a gross profit of

  • A.33\(\frac{1}{3}\)% on the cost price
  • B.50% on the selling price
  • C.66 \(\frac{2}{3}\)% on the selling price
  • D.66\(\frac{2}{3}\)% on the market price
  • E.33\(\frac{1}{3}\)% on the selling price
Objective

Question details

Exam body
WAEC
Subject
Accounts - principles of accounts
Year
1989
Question no.
#13
Type
Objective

More from this paper

See all Accounts - principles of accounts 1989 questions