Convert a markup of 15% on selling price to its equivalent markup on cost.

A) a markup of 15% on selling price is equivalent to a 74% markup on cost

B) a markup of 15% on selling price is equivalent to a 13% markup on cost

C) a markup of 15% on selling price is equivalent to a 8% markup on cost

D) a markup of 15% on selling price is equivalent to a 85% markup on cost

Question

Alondra Blackburn

Mathematics

13 June, 17:29

Convert a markup of 15% on selling price to its equivalent markup on cost.

A) a markup of 15% on selling price is equivalent to a 74% markup on cost

B) a markup of 15% on selling price is equivalent to a 13% markup on cost

C) a markup of 15% on selling price is equivalent to a 8% markup on cost

D) a markup of 15% on selling price is equivalent to a 85% markup on cost

+3

Answers (1)

Know the Answer?

Humberto Lindsey · Answer 1

option: D is correct. ((D) a markup of 15% on selling price is equivalent to a 85% markup on cost).

Step-by-step explanation:

" Markup is the percentage difference between a product's cost and its selling price "

Since we are asked to Convert a markup of 15% on selling price to its equivalent markup on cost.

As there is a markup of 15% on selling price. Hence the cost of the product would be (100-15) %=85% of the selling price.

Hence, a markup of 15% on selling price is equivalent to a 85% markup on cost.

Hence, option D is true.