When an agency pays in advance for larger expense items like printing, photography, graphics and design, it is standard industry practice to markup such expenses by a factor of approximately
A) 12.5%
B) 15%
C) 17.65%
D) 19%

Question

Quizplus · Accepted Answer

The standard industry practice for marking up expenses such as printing, photography, graphics, and design, when paid in advance by an agency, is approximately 17.65%. This markup covers the agency's handling, administration, and potentially the risk associated with advancing payment for these services.

When an Agency Pays in Advance for Larger Expense Items