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WAEC Accounting 2021 Objective — Question 26

Question 26 of 50 from the West African Examinations Council (WAEC) Accounting 2021 Objective paper, with the correct answer and a full explanation.

A business includes 50% mark-up on all its products. This would mean margin of

A. 66⅔%
B. 66⅓%
C. 33⅔%
D. 33⅓%Correct

Explanation

If mark-up is 50% (½), margin = mark-up/(1+mark-up) = ½ ÷ 1½ = ⅓ = 33⅓%.

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