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O-LevelCommerceRetail trade7100/11 · Oct/Nov 2024 · Q111 Mark

A retailer purchases lamps for $16 each and sells the lamps for $20 each. What is the percentage mark-up on each lamp sold?

A4%
B20%
C25%
D36%

✓ Correct answer

C: 25%

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About this question

Topic
Retail trade, O-Level Commerce (syllabus 7100). Multiple choice, 1 mark.
Source
O-Level Commerce, Oct/Nov 2024 Paper 1 Variant 1, question 11.

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