Markup is:
A) the money available to cover only the costs of marketing the product.
B) based on the product's selling price.
C) based on the product's discount price.
D) often expressed as a fraction.
E) represented by net profit.

Question

Quizplus · Accepted Answer

Markup is based on the product's selling price, as it is the difference between the cost of a product and its selling price, often expressed as a percentage of the selling price.

Markup Is