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cost plus 100% markup calculation

NNoah5y ago
sir cost plus 100% mark up should mean cost*200%, but in my kaplan study text they take cost*100%. because i remember every time there is a mark up of 20% or 30%, we multiply cost with cost*120% or cost*130%. thank you.
John MoffatJohn MoffatTutor5y ago#1
The mark-up will be 100% x the cost. The selling price will be 200% x the cost.
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