A business marked up its cost by 50%. This would mean a gross profit of
33\(\frac{1}{3}\)% on the cost price
50% on the selling price
66 \(\frac{2}{3}\)% on the selling price
66\(\frac{2}{3}\)% on the market price
33\(\frac{1}{3}\)% on the selling price
Correct answer is E
No explanation has been provided for this answer.