The original selling price minus the sale price is called the:
A) gross margin
B) reduced price
C) markdown
D) markup
Correct Answer:
Verified
Q16: Pat's Deli makes onion buns that cost
Q17: The percent of markdown can be calculated
Q18: Markdowns are typically used:
A) all of these
Q19: Markdowns are usually the result of:
A) lack
Q20: After finding the first selling price upon
Q22: A markdown percent can be calculated by
Q23: When calculating a markup on cost,_ is
Q24: The actual cost can be calculated, if
Q25: A markdown is:
A) only based on selling
Q26: Cost is equal to 100% when markup
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