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If a shop uses a 50 % mark-up and sells an item for R900, what was the cost price of this item?

A.    R450

B.    R300

C.    R900

D.    R600
in Accounting by Diamond (40,216 points)
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D.    1.5 x Cost price = 900

Cost price = 900/1.5 = R600
by Diamond (40,216 points)

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