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O-LevelCommerceFinance7100/11 · Oct/Nov 2021 · Q151 Mark

A retailer buys 1000 pens for $2.50 each. Which percentage mark-up must he apply to achieve a gross profit of $500?

A16.7%
B20%
C25%
D50%

✓ Correct answer

B: 20%

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About this question

Topic
Finance, O-Level Commerce (syllabus 7100). Multiple choice, 1 mark.
Source
O-Level Commerce, Oct/Nov 2021 Paper 1 Variant 1, question 15.

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