While Both Use a Mathematical Calculation, There Is an Important

question 18

Multiple Choice

While both use a mathematical calculation, there is an important different between "markup" and "margin." Which of the following is correct?

• A) Markup is a percentage added to the cost of the product and margin is a percentage of the sales price left over after paying for the cost of the product.
• B) Margin is a percentage added to the cost of the product and markup is a percentage of the sales price left over after paying for the cost of the product.
• C) Markup can only be calculated based on selling price, while margin is only calculated based on wholesale price.
• D) Margin is calculated based on variable costs while markup is based on fixed costs.

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Definitions:

Anterior Cruciate Ligament

A key ligament in the knee that stabilizes the joint by preventing the tibia from sliding too far forward beneath the femur.

Posterior Fontanel

The junction where the two parietal bones and the occipital bone meet on the skull of a newborn, typically closing by 2 months of age.

Anterior Fontanel

The soft spot on the top of a baby's head where the skull bones have yet to fuse.

Sagittal Suture

The fibrous connective tissue joint between the two parietal bones of the skull, running anteroposteriorly from the fontanelle to the occiput.