Which of the following best defines markup pricing?
A) The cost of buying the product from the producer,plus amounts for profit and for expenses not otherwise accounted for
B) The practice of marking up prices by 100 percent,or doubling the cost
C) A method of determining what sales volume must be reached before total revenue equals total costs
D) The ability to change prices very quickly,often in real time

Question

Quizplus · Accepted Answer

Markup pricing is defined as the cost of buying the product from the producer, plus additional amounts for profit and expenses not otherwise accounted for.

Which of the Following Best Defines Markup Pricing