A company operating a chain of retail provision stores invoices goods to the branches at…

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%
Correct Answer: Option C
Explanation
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