GCE Financial Accounting 1989 Question 13

A business marked up its cost by 50%. This would mean a Gross Profit of

1. A.33⅓% on the cost price
2. B.50% on the selling price
3. C.66⅔% on the selling price
4. D.66⅔% on the market price
5. E.33⅓% on the selling price.