https://www.gregmat.com/quizzes/quiz/timed-quant-practice-hard-section-1-sample-1 (Question 6)
if profit markup is 100%, isnt the sellping price then 20?
https://www.gregmat.com/quizzes/quiz/timed-quant-practice-hard-section-1-sample-1 (Question 6)
if profit markup is 100%, isnt the sellping price then 20?
I think the question is wrong as is. It should say that the profit markup is 100 \% of the cost price.
Once we establish that, then yes, you’re right
And fixed.