Markup can be expressed as a percentage of the total cost of the product or the selling price.

Name: Markup can be expressed as a percentage of the total cost of the product or the selling price.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Markup can be calculated as a percentage of the total cost of the product or the selling price. For example, a markup of 25% on a product with a total cost of $100 would result in a selling price of $125, whereas a markup of 20% on a selling price of $125 would also result in a selling price of $150.

Markup Can Be Expressed as a Percentage of the Total