The text says markups
A)should always be stated as a percentage of cost.
B)are a percentage of selling price-unless otherwise stated.
C)are never stated as a percentage of cost.
D)should never be stated in dollar amounts.
E)None of these answers is correct.

Question

Quizplus · Accepted Answer

Unless otherwise stated,markup (percent)means the percentage of the selling price that is added to the cost to get the selling price.

The Text Says Markups