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

A business marked up its cost by 50%. This would mean a gross profit of
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • 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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