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When markup is based on selling price the cost is 100 True False?False. The markup amount is a portion of the selling price and therefore is less than 100%.
When markup is based on selling price the cost is?Markup is the difference between a product's selling price and cost as a percentage of the cost. For example, if a product sells for $125 and costs $100, the additional price increase is ($125 – $100) / $100) x 100 = 25%.
When markups are based on the selling price the quizlet?When markups are based on cost the selling price is 100 percent. If the selling price and percent markup on selling price is given the actual cost can be calculated. Selling price = cost - markup. Markup represents an amount needed to cover operating expenses.
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Fathers day suits were advertised for 35
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