The following information was extracted from the books of a trader on 31 December 2011. | | $ | | --- | ---: | | Net profit | 25 000 | | Turnover | 200 000 | | Gross profit | 50 000 | The gross profit mark-up was

A12½%.

B25%.

C33⅓%.

D50%.

Explanation: Mark-up is gross profit over cost of sales:

\dfrac{50\,000}{200\,000-50\,000} = 33\tfrac{1}{3}\%

ZIMSEC Principles of Accounts 7112/1 Paper 1 (Multiple Choice), June 2014, Q37

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