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Choose the answer that best matches the questions below.
An economic system is:
The economic problem is when:
Match the transactions below to the correct journal.
If the cost price of an item is R80 000, and its selling price is R136 000, what is the mark-up in percent? (type only the answer into the space provided)
If the cost price of an item is R32 000, and its selling price is R40 000, what is the mark-up in percent? (type only the answer into the space provided)
If the selling price of an item is R890, and its mark-up is 150%, what is the cost price in Rands? (type only the answer into the space provided)
If the cost price of an item is R1 900, and its mark-up is 100%, what is the selling price in Rands? (type only the answer into the space provided)
If the selling price of an item is R7 400, and its mark-up is 60%, what is the cost price in Rands? (type only the answer into the space provided)