The selling price of an article is equal to the cost of the article plus the markup. The markup on a certain television set is what percent of the selling price?
(1) The markup on the television set is 25 percent of the cost.
(2) The selling price of the television set is $250.
Markup = M Selling Price = P Cost = C
Sub back into equation
We want to find M/P which in this case is M/P = 1/5 or 20% so (1) is suff
(2) 250 = M + C
We cannot solve, so answer is A
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