When determining markup as a percentage of cost, divide the markup amount by
A) price.
B) cost.
C) quantity.
D) revenue.
E) 100.

Name: When determining markup as a percentage of cost, divide the markup amount by A) price. B) cost. C) quantity. D) revenue. E) 100.
Brand: Quizplus
Rating: 4.8 (47 reviews)

Question

Quizplus · Accepted Answer

Markup as a percentage of cost is calculated by dividing the markup amount by the cost of the item being marked up. Dividing by the price would give you the markup as a percentage of the selling price, which is a different calculation.

When Determining Markup as a Percentage of Cost, Divide the Markup