Which of the Following Gives the Correct Formula for Calculating

question 29

Multiple Choice

Which of the following gives the correct formula for calculating markup percentage?

• A) sales price/markup
• B) sales price/fixed costs
• C) fixed costs/variable costs
• D) markup/sales price
• E) sales price/variable costs

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Definitions:

Racism

A belief that race is a fundamental determinant of human traits and capacities and that racial differences produce an inherent superiority of a particular race.

Prejudice

Preconceived opinions or judgments about people or groups that are not based on reason or actual experience, often manifesting as discrimination or bias.

Rationalize

The process of attempting to explain or justify behavior or attitudes with logical reasons, even if these are not appropriate.

Institutional Racism

Discriminatory practices, policies, and patterns that have become embedded in the operations of societal institutions, leading to disadvantages for people of certain races or ethnicities.