Asked by Esther Duenas on Jul 05, 2024
Verified
The markup percent is based on cost. Compute the missing terms.
Markup Percent
The fraction of the cost price of items increased to cover operational expenses and secure profit.
Cost
The amount of money required to purchase goods or services or the expenditure incurred in the production of goods.
- Understand the concepts of markup based on cost and how to compute it.
Verified Answer
MP
Learning Objectives
- Understand the concepts of markup based on cost and how to compute it.