"Markup" means percent of ______.
A) "mark-on"
B) selling price-unless otherwise stated
C) fixed cost
D) delivered cost-unless otherwise stated
E) cost of sales

Name: "Markup" means percent of ______. A) "mark-on" B) selling price-unless otherwise stated C) fixed cost D) delivered cost-unless otherwise stated E) cost of sales
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Question

Quizplus · Accepted Answer

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

"Markup" Means Percent of ______