The selling price of an article is equal

Danny Watts Jr

Selling price (p) = cost (c) plus markup (m); so p = c + m

(1): m = (1/4) c. Logically, this question is sufficient because price is simply the sum of the cost and markup. If we know the markup is 25% of the cost, then we should be able to find its ratio to the price. You can use values to solve this. If c = 8, then m must be 2, and since p = c + m, then p = 10. Thus, m must be 20% of the price. SUFFICIENT.

(2): price = $250. This option doesn't provide any detail regarding cost or markup, so it must be INSUFFICIENT.

Answer = A

Nov 11, 2017 • Comment