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1 vote
Goods with a cost price of R200 are sold at a mark-up of 100%. The selling price is:​

1 Answer

6 votes

If the cost price of the goods is R200 and they are sold at a mark-up of 100%, then the selling price is equal to the cost price plus the mark-up, or:

Selling price = Cost price + Mark-up

Mark-up = 100% x Cost price

= 100% x R200

= R200

So the mark-up is R200.

Selling price = Cost price + Mark-up

= R200 + R200

= R400

Therefore, the selling price of the goods is R400.

answered
User Moocowmoo
by
8.1k points
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