Question: The Billygate Company operates with a 40 per cent mark-up on the goods that it buys. What is its gross profit ratio? The Sillygate Company

The Billygate Company operates with a 40 per cent mark-up on the goods that it buys. What is its gross profit ratio?

The Sillygate Company operates with a 40 per cent gross profit margin. What percentage mark-up does it use?

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