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Example 7 was not videoed. My question the mark of of 20% as we were taught is when it is mark up on cost , then cost is 100% and when mark up is % margin the Selling price is 100%.
c + p = S. price
100 + 20 = 120 when mark up on cost
75 + 25 = 100 when it is margin. Is this correct?
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