The markdown percent is calculated by:
A) Amount of markdown divided by sale price
B) Amount of markdown divided by original selling price
C) Sale price divided by amount of markdown
D) Original selling price divided by amount of markdown
E) None of these
Correct Answer:
Verified
Q20: Cost is equal to the selling price
Q21: When markups are based on the selling
Q22: J.C. Penney sells a Timex watch for
Q23: Markup is:
A)Selling price + cost
B)Selling price divided
Q24: An Apple iPod sells for $299, which
Q26: Markdowns may be caused by:
A)Lack of seasonal
Q27: When markup is based on cost:
A)Cost is
Q28: Breakeven point is fixed cost divided by
Q29: Setting a price on perishable items does
Q30: A computer sells for $995, which is
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