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O-LevelCommerceFinance7100/11 · Oct/Nov 2014 · Q151 Mark

Enver has been selling ice creams for $0.80 from his market stall. He buys them at a cost price of $0.50. A supermarket is now selling the ice creams for $0.60. If Enver is to match the supermarket's selling price, what would be his percentage mark-up?

A20%

B25%

C30%

D67%

✓ Correct answer

A: 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 2014 Paper 1 Variant 1, question 15.

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