WAEC - Accounts Principles Of Accounts (1989 - No. 13)
A business marked up its cost by 50%. This would mean a gross profit of
33\(\frac{1}{3}\)% on the cost price
50% on the selling price
66 \(\frac{2}{3}\)% on the selling price
66\(\frac{2}{3}\)% on the market price
33\(\frac{1}{3}\)% on the selling price
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