The markup on a television set is 20 percent of the cost. The markup is what percent of the selling price?
(markup = selling price - cost)
Options:
A) 8%	B) 10%	C) 12 1/2%	D) 15%	E) 16 2/3%
SP = 1.2CP   markup/SP = 0.2CP/1.2CP = 1/6 * 100 = 50/3 = 16 2/3%   Answer - 16 2/3%
<result>E</result>
The markup on a television set is 20 percent of the cost. The markup is what percent of the selling price?
(markup = selling price - cost)