fundamentals of accounting
Querist : Anonymous
(a) 33%
(b) 25%
(c) 20%
(d) none of the above.
(please explain in detail.)
Suppose Rs.100 is Selling Price.Profit Margin is 20%.i.e., cost equals to Rs.80.Therefore for Rs. 20 profit,we have to apply 25% on Rs.80.
Querist : Anonymous
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