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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