Asked by Alejandra Veloz on Jun 09, 2024
Verified
The markup percent is based on selling price. Compute the missing terms.
Markup Percent
Defines the percentage increase applied to the cost price of goods to determine their selling price.
- Work out the markup as a percentage based on the relationship between cost and sales price.
- Distinguish between markup based on cost and markup based on selling price.
Verified Answer
LD
Learning Objectives
- Work out the markup as a percentage based on the relationship between cost and sales price.
- Distinguish between markup based on cost and markup based on selling price.
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