Asked by Margaret Everett on Apr 26, 2024
Verified
The markup percent is based on cost. Compute the missing terms.
Markup Percent
The rate applied on top of the buying price of goods to encompass overhead expenses and earn profit.
Cost
The amount of money or resources expended to acquire an asset, produce a product, or provide a service.
- Understand the theory and practical computation methods of markup that is based on cost.
Verified Answer
GB
Learning Objectives
- Understand the theory and practical computation methods of markup that is based on cost.