The typical markup (percent) is the:
A) cost of an item divided by its selling price-times 100.
B) selling price minus the cost of the item, divided by the cost of the item-times 100.
C) selling price of an item, divided by its cost-times 100.
D) selling price minus the cost of the item, divided by the selling price-times 100.
E) selling price minus the cost of the item, divided by the average fixed cost-times 100.
Correct Answer:
Verified
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