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