Question

If Lee Trucks buys at cost a truck for $10,000 and plans

to sell it for $12,000, the percent markup on cost is:
O
16.5%
o 25%
20%
o none of the above​

Answer 1

20%

Explanation:

10,000×120%=12,000

Answer 2

20% markup

Explanation:

10,000 x 1.20 = 12,000