After finding the first selling price upon which a series of markup or markdowns will be based, all subsequent changes:
A) will result in a profit when using markups, and a loss using markdowns
B) will be based upon selling price
C) will be based on cost
D) will be based on either cost or selling price for markups, and selling price for markdowns

Question

Quizplus · Accepted Answer

Subsequent changes in pricing (markups or markdowns) are typically based on the selling price, not the original cost. This approach allows for consistent pricing strategies that reflect the current market value of the product.

After Finding the First Selling Price Upon Which a Series