A company operating a chain of retail provision stores invoices goods to the branches at cost plus a mark-up of 25%. What is the mark-up percentage on selling price?

A company operating a chain of retail provision stores invoices goods to the branches at cost plus a mark-up of 25%. What is the mark-up percentage on selling price?

A 35%
B 30%
C 20%
D 15%

jamb 2002 accounting

The correct answer is C. 20%

No explanation given

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