Markup refers to
A) the difference between the final selling price and how the customer values the product.
B) selling brand name merchandise at lower than regular prices.
C) the amount added to the cost the retailer paid for a product to reach the final selling price.
D) the difference between the retail cost and initial selling price.
E) the reduction in retail price, usually expressed as a percentage equal to the amount reduced, divided by the original price, and multiplied by 100.
Correct Answer:
Verified
Q169: The difference between the retailer's cost and
Q170: The amount added to the cost the
Q171: Maintained markup refers to
A)the difference between the
Q172: Another term for gross margin is _.
A)original
Q174: Markdown refers to
A)the difference between the final
Q175: When setting prices for merchandise, retailers must
Q176: Many retailers take a markdown as soon
Q177: Another term for maintained markup is _.
A)original
Q178: Another term for gross margin is
A)markup.
B)original markup.
C)sustained
Q204: Markdowns can be used to
A) increase competition
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