Asked by Ebani Thomas on Jun 09, 2024
Verified
The markup percent is based on cost. Compute the missing terms.
Markup Percent
The percentage by which the cost of a product is increased to determine its selling price.
Cost
The amount of money required to purchase something or the expense associated with creating a product or service.
- Understand thoroughly the idea of markup rooted in cost and how to systematically compute it.
Verified Answer
MD
Learning Objectives
- Understand thoroughly the idea of markup rooted in cost and how to systematically compute it.