A business marked up its cost by 50%. This would mean a gross profit of
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- 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
Correct Answer: Option E
Explanation:
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